Stories for May 23rd 2012

Wednesday, May 23rd 2012 - 19:27 UTC

Falklands’ economy “booming” in spite of Argentina’s efforts of a blockade

Governor Haywood announced a major global PR campaign to make the Falklands’ voice heard

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.

Wednesday, May 23rd 2012 - 19:11 UTC

Gibraltar and Spanish town agree on cross-border group to help sort out fishing dispute

La Linea mayor Gemma Araujo arrives at Convent House in Gibraltar (Photo Gibraltar Chronicle)

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.

Wednesday, May 23rd 2012 - 18:50 UTC

Following the Falklands’ ad incident Britain/Argentina at the opening hockey match in London

Argentine midfielder Fernando Zylberberg training at the Battle of the Falklands’ monument in Stanley

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.

Wednesday, May 23rd 2012 - 18:38 UTC

Euro-zone tells members to prepare contingency plans for a possible Greek exit

Crucial summit in Brussels will face Merkel, Hollande and Monti

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”.

Wednesday, May 23rd 2012 - 06:59 UTC

Brazilian Real falls to a new three-year low, “positive” for exporters says minister

“It is beginning to be attractive again to export cars” said Pimentel

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.

Wednesday, May 23rd 2012 - 06:56 UTC

The US dollar stronger than the Euro in Argentina’s parallel market

Argentines traditionally take refuge in the US dollar

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.

Wednesday, May 23rd 2012 - 06:28 UTC

Ambassador Castro embroiled in controversy over Falklands and “possible constitutional reform”

It was a tripartite discussion after all: Ms Castro, former ambassador John Hughes and FCO officer Longden

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.

Wednesday, May 23rd 2012 - 03:59 UTC

Buenos Aires police de-activate bomb attack on former Colombian president Uribe

The bomb was timed to go off during the cocktail following Uribe’s conference to the Argentine business community

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

Wednesday, May 23rd 2012 - 03:56 UTC

Spain, on the edge of a financial cliff, cancels all development aid to Latin America

Foreign Minister Garcia Margallo, “an extremely painful option”

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%.

Wednesday, May 23rd 2012 - 01:53 UTC

Chile not interested in joining G20 at the expense of Argentina’s membership

“We privilege our relations with Argentina above all other situations” said Chadwick

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.

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