Menem Begins 2nd Term in Argentina
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BUENOS AIRES — Argentine President Carlos Menem was sworn in for a second term Saturday, pledging to fight the growing unemployment that has tarnished his “economic miracle” of fast growth and low inflation.
“I am fully aware that this is what the people expect of me,” Menem, 65, said in his inaugural speech in Buenos Aires.
The Peronist leader, in office since 1989, faces daunting economic challenges but has unprecedented backing both in Congress and from ordinary Argentines.
He is credited with returning stability to a country long plagued by hyper-inflation. But in the last stretch of his first term, there had been new economic problems.
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