Stories for May 23rd 2012
Falklands’ economy “booming” in spite of Argentina’s efforts of a blockade
Despite desperate attempts from Argentina to deter potential investors and increased interference in Falkland Islands’ activities the objective of an economic blockade has not been achieved, said Governor Nigel Haywood on Wednesday in his ‘state of the nation’ annual speech to the Legislative Assembly.
Gibraltar and Spanish town agree on cross-border group to help sort out fishing dispute
Gibraltar Chief Minister Fabian Picardo and Spanish town La Linea Mayor Gemma Araujo agreed the creation of a cross-border joint working group that will be examining all aspects of the fishing dispute with Spain.
Following the Falklands’ ad incident Britain/Argentina at the opening hockey match in London
Britain’s men’s hockey team will play their opening match of the London Olympics against Argentina at 1900 BST on 30 July, one of whose players caused a controversy this month with a video filmed in the disputed Falklands/Malvinas islands.
Euro-zone tells members to prepare contingency plans for a possible Greek exit
Euro zone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany's central bank said would be testing but “manageable”.
Brazilian Real falls to a new three-year low, “positive” for exporters says minister
The Brazilian Real fell to a new three-year low after briefly erasing its decline as the central bank sold currency swap contracts for the second time in three trading sessions, holding two auctions on Tuesday.
The US dollar stronger than the Euro in Argentina’s parallel market
For the second day running the Argentine Peso weakened against the US dollar climbing half a cent from Monday and closing at 4.43 and 4.48 on the local foreign exchange market.
Ambassador Castro embroiled in controversy over Falklands and “possible constitutional reform”
Argentine ambassador in UK Alicia Castro rejects having mentioned during a conference in London the “possibility of a constitutional reform” to incorporate the results in the event of a sovereignty negotiation over the disputed Falklands/Malvinas Islands.
Buenos Aires police de-activate bomb attack on former Colombian president Uribe
Former Colombian president Alvaro Uribe will carry on with his activities in Argentina as planned, despite the fact a bomb was found in a Buenos Aires theatre where he is expected to give a conference, according to sources close to the event organization
Spain, on the edge of a financial cliff, cancels all development aid to Latin America
The Spanish government announced this week it was cancelling all development aid to Latin American countries as a direct consequence of the financial strains the EU member is suffering, which is the worst in decades with record unemployment of 24%.
Chile not interested in joining G20 at the expense of Argentina’s membership
Chile is not interested in joining the G-20 of leading advanced and emerging economies if that means sacking Argentina, said President Sebastián Piñera administration’s spokesperson, Andres Chadwick.
