European Stars And Stripes Newspaper Archives Jan 27 1961, Page 11

Low-resolution version. To view a high quality image

Start Free Trial
European Stars And Stripes (Newspaper) - January 27, 1961, Darmstadt, HesseT u r s e o t Ion in s president elect inherits huge debt a perilously shaky and the backhands Ore Ripe for a Castro 0y Edward t. Butler up staff writer Olor Ful unpredictable witty Anlo a Silva Quadros 43, become presi Jat Brazil next week he take to his a heavy and possibly explosive it Brazil Economy in wobbling Seri its impoverished Budd ads Are rep Ninf Tor a Fidel Castro. Anlo the Man with the Horn rimmed Glt Toffi. Moustache and the Broom assumes office tuesday in the new Multi Luion Dollar capital at Brasilia which he never bleed much from its builder. President this cello Kubu Schek whose live year development program gave Brazil luxuries Thad never seen before but drove the nation into a financial Hole. A conservative financially and an inde pendent politically Gundros Falls heir to huge debt2 billion owed abroad is billion at Home. Right off. Quad res will have the Settle up $600 million in foreign debt due in the first months of 196l it i Money by will does t have and a own Eno Eiro is sliding downward toward 220 tothe us. Dollar. When Kubitschek took office in 1956 it was at about 80 to the Dollar. Just As quickly the new president for Mer governor of Rich Sao Paulo state will have to Calm Down the clamouring inthe communist infested Backland for land Reform and shouting in the cities for Cost. He will have to give his nation of nearly 70 million a Booster shot of Confidence or the worst will come. He will have to build them schools to teach More than 40 million brazilian How to read he will have to build hospitals another medical facilities in a nation with one doctor for every 5,000 people. Kun Buchek s program for fifty years of Progress in five has Given Brazil an Auto Mobile Industry and has put appliances in Homes that can afford them. It has built costly Interior capital Long a brazilian dream and is connecting it up with a network of roads from All Points of the Compass. Bat Kubitschek s program forgot about the farmlands and the Interior. It devel oped by letting inflation run a free course. The result millions of brazilians in rags Clam Rover the Northeast for land Reform in order that they will have land to work. Peasant leagues under communist leadership have sprung up. In the South the cattle state of Rio Grande do sul is depressed because govern ment funds went to Brasilia and toward Road building in other areas a leftist nationalist governor there blames uj3.and other foreign firms. In progressive Sao Paulo people Are to patient in demands for better economic policies. There some people still talk of seceding taking Southern Brazil with them. It is not taken seriously. But the Paulista want to be relieved of the Bur Den of supporting the rest of the i in the former capital of Rio de Janeiro the Carioca is becoming demoralized by High living costs poor water supplies bad transportation and general confusion. The Carioca want Good All around improve ment Quadros elected by a margin oct. 3 that no other brazilian politician has Ever received has promised to do the Job. He says he will right the economic and social wrongs of Kubitschek s development pro Gram. He says he will straighten out the Economy help the people in the backhands rid government of corruption and Cut Down on waste. To do All this Quadrio May have to impose hard to take austerity on a people living under an inflation that has driven living costs up 275 per cent Over the Pas five years. Whether brazilian usually easy going and patient will accept Belt tightening la a question. But top brazilian economists agree that austerity is necessary. Any stiff economic measures imposed by Quadros will be meat for Brazil s Small but vociferous communist party which opposed Quadros inthe election but is now claiming it won for foreign affairs Quadros has promised Brazil a louder and More Independent voice in the councils of the world. He believes Brazil has the makings of a world Power and wants to Start guiding it in that direction. Under Quadros Brazil will maintain its close ties with the United states but More than Likely increase its ties with Europe Africa and Asia. But he Likely win re establish relations with the soviet Union. He believes Brazil must have relation with All nations in order to increase its Trade. Whether he will recognize re China is a question his. Recent thoughts on Cuba Are unknown. He visited Cuba last March and came Home calling it later when Premier Fidel Castro s regime slipped closer toward the soviet orbit he changed his tune. He said he would be the first to condemn a communist Cuba but would try to bring that country Back into the family of nations of this but in the main brazilians elected him because he promises to give them Hope. Said one a did t make big headlines around the world but we had a revolution in october. Our revolution waa r af1 is after hit visit with Castro last March he called Cuba he changed his tune after Castro flipped toward the soviet orbit. I Silva Quadros 27, 1961 the stars and stripes the victorious presidential h

Search all Darmstadt, Hesse newspaper archives

All newspaper archives for January 27, 1961