• Short Summary

    URUGUAY, NORMALLY ONE OF THE MOST STABLE COUNTRIES IN SOUTH AMERICA, IS FACING AN ECONOMIC AND POLITICAL CRISIS.

  • Description

    1.
    MV STREET IN MONTEVIDEO
    0.05

    2.
    MV PEOPLE IN STREETS AND TRAFFIC (2 SHOTS)
    0.13

    3.
    MV & CU POSTERS ON WALL (ACTO, PDC, BASTA DE CARESTA ETC.) (7 SHOTS)
    0.33

    4.
    CU POSTER -- "DOLLAR 200"
    0.37

    5.
    MV PEOPLE PASS POSTERS IN STREET
    0.40

    6.
    LV & MV PEOPLE OUT OF FACTORIES (4 SHOTS)
    0.56

    7.
    MV PEOPLE OUT OF CITY BUILDING
    1.00

    8.
    LV INDUSTRIAL CRANES
    1.04

    9.
    MV FACTORY (2 SHOTS) (2 SHOTS)
    1.12

    10.
    MV MEN WORK WITH CONVEYORS INSIDE CARRYING SACKS
    1.20

    11.
    MV WORKMEN CARRYING SACKS
    1.25

    12.
    LV SHIP BESIDE CRANE AND FACTORY
    1.28

    13.
    MV PEOPLE BUYING IN MARKET (3 SHOTS)
    1.39

    14.
    MV CROWD QUEUE OUTSIDE BUILDING (2 SHOTS)
    1.50

    15.
    MV FLATS IN BUILDING STAGE (5 SHOTS)
    2.01

    16.
    MV & CU MONUMENT OF ARTIGAS ON HORSE (2 SHOTS)
    2.08


    MONTEVIDEO; ANTI-GOVERNMENT POSTERS; FACTORY AND INDUSTRIAL SCENES; CITY STREET SCENES.




    Initials JP/VS/CT/BB



    Script is copyright Reuters Limited. All rights reserved

    Background: URUGUAY, NORMALLY ONE OF THE MOST STABLE COUNTRIES IN SOUTH AMERICA, IS FACING AN ECONOMIC AND POLITICAL CRISIS.

    EARLIER THIS MONTH, URUGUAY DEVALUED THE PRESS BY 50 PER CENT -- FROM 99 TO 200 TO THE U.S. DOLLAR. ONE FIFTH OF THE NATION'S LABOUR FORCE OF 1,000,000 IS UNEMPLOYED, GOLD RESERVES ARE DOWN TO 146,000,000 DOLLARS AND THE COST OF LIVING HAS INCREASED 100 PER CENT IN THE LAST YEAR. URUGUAY'S PLIGHT STARTED WITH FALLING WORLD MARKET PRICES FOR HER PRINCIPAL EXPORTS, WHICH ARE MEAT AND WOOL. BUT WORSE STILL, THE NATION HAS BEEN HIT IN QUICK SUCCESSION BY DROUGHT, FROST AND FLOODS.

    THE RESULT IS THAT URUGUAY IS IMPORTING WHEAT, NORMALLY AN EXPORT COMMODITY, LEMONS ARE TWO SHILLINGS STERLING EACH -- URUGUAY IS A CITRUS PRODUCER -- AND THERE HAS BEEN NO BEEF ON SALE IN MONTEVIDEO FOR THE LAST SIX WEEKS. AND URUGUAY HOLDS THE WORLD RECORD FOR PER HEAD INTAKE OF BEEF. THE ECONOMIC CRISIS IS INTERCONNECTED WITH THE POLITICAL SITUATION. THE EIGHT MONTH OLD GOVERNMENT OF PRESIDENT OSCAR GESTIDO HAS HAD THREE CABINET REORGANISATIONS. IF URUGUAY FAILS TO RECOVER ECONOMICALLY, IT SEEMS HIGHLY PROBABLE THAT DEMOCRACY WILL BE THREATENED.

    THE NATION'S TRADE UNION COUNCIL IS COMMUNIST LED TO A CONSIDERABLE DEGREE AND SOME OF ITS MEMBERS ARE MAKING MOST OF ECONOMIC PRIVATIONS.

    PRESIDENT GESTIDO HOPES TO QUELL ALL POSSIBLE OPPOSITION BY GETTING URUGUAY ON ITS FEET ECONOMICALLY. AN EMERGENCY BILL HAS INTRODUCED NEW TAXES AND HAS FROZEN PRICES AND WAGES. THE GOVERNMENT'S CRITICS SAY THAT WHAT IS NEEDED ARE SWEEPING MEASURES INSTEAD OF FOLLOWING SHORT TERM REMEDIES. HOWEVER, IT WILL TAKE A NUMBER OF MONTHS TO SEE WHETHER PRESIDENT GESTIDO'S "SQUEEZE" MEASURES WILL BRING ABOUT AN ECONOMICALLY AND POLITICALLY STABLE URUGUAY.

  • Tags

  • Data

    Film ID:
    VLVAB88H3QQKA71K02S8VU4TGIL5R
    Media URN:
    VLVAB88H3QQKA71K02S8VU4TGIL5R
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    27/11/1967
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:02:09:00
    Time in/Out:
    /
    Canister:
    N/A

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