Word: democratica
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Some opponents to reform have expressed concernthat open, democraticA-9REFOR...
Other businessmen, many of them cronies of Perez's or supporters of his Accion Democratica party, followed suit by taking over banks or starting new ones. In some cases the new banks were merely divisions of larger industrial or financial groups, which meant that when the parent companies were strapped for money, they frequently turned to their in-house banks for loans. According to government and congressional investigators, hundreds of other loans went to relatives and friends of bank managers and directors, as well as to real-estate operators who had the appropriate political connections. Laissez-faire took...
...National Assembly, which was elected last November. The Sandinistas hold 61 of 96 seats, reflecting their 66% election majority. The remainder are divided among six small parties that are described as opposition but that often vote with the Sandinistas. The main opposition group outside the legislature, the Coordinadora Democratica Nicaraguense, refused to participate in the election and remains leaderless and in disarray. In any case, the work of the Assembly is largely peripheral. Under a constitutional state of emergency declared in 1982 in response to the contra threats, almost all important decisions are enacted by presidential decree...
...scare tactics proved highly effective. Most shops and schools in the capital's restive slums remained open, a change from previous protest demonstrations. University students held anti-Pinochet demonstrations on several campuses, but the crowds were small by past standards. Several leaders of the five-party Alianza Democratica, the main opposition group, did not endorse the protest for fear of running afoul of the siege order's ban on public gatherings; nonetheless, about ten Alianza leaders lined up in front of Santiago's cathedral and sang the national anthem. As they dispersed, a water cannon lumbered into...
Facing up to the debt crisis will be the sternest test for Lusinchi, a pediatrician who has spent 40 years working for Action Democratica, chiefly as a quiet but effective grass-roots organizer. Though he is a populist by inclination, he will confront the need to administer a stiff dose of austerity after taking office next February...