Argentina

Argentina
Wednesday, February 10th 2016 - 02:33 UTC

Falklands: Back to the future, why the 'new approach' from Argentina is completely missing the point

“We are not a commodity to be traded between two nations; we are a people, we have a home, and we have the universally-recognised human right to determine our own political future”.

By the Honourable Mike Summers, OBE (*) - Over the weekend of the 6th and 7th February, the press in Argentina reported that the Government of Argentina (GoA) was going to change its approach to its treatment of the Falkland Islands, its relationship with the United Kingdom and how it intends to “resolve the Falklands question”

Saturday, February 6th 2016 - 07:57 UTC

Pollack statement: “pleased to report that enormous progress has been made”

I have personally spoken today by telephone to President Mauricio Macri and, earlier in the day, to Minister of the Economy Alfonso Prat-Gay.

Daniel A. Pollack, Special Master presiding over settlement negotiations between the Republic of Argentina and its “holdout” Bondholders issued the following statement today (Friday, Jan 5):

Saturday, February 6th 2016 - 07:00 UTC

Argentina close to a full agreement with holdouts: US$ 6.5bn offer to end the litigation

“The agreement was awesome,” Caputo said in New York. “We have had a good reception of the proposals and I feel optimistic.”

Argentina offered a $6.5 billion cash payment to creditors suing the country over defaulted bonds on Friday, seeking to end an exhausting 14-year legal battle, “the sovereign debt trial of the century”, that transformed the country into a financial markets pariah. Two out of six leading bondholders have already accepted the offer, the U.S. court-appointed mediator said, hailing the proposal by Argentina's new, business-friendly government as an “historic breakthrough”.

Saturday, February 6th 2016 - 06:22 UTC

Falklands' population in 'constrictive' trend, says Argentine team on the field

“There are few children and the fertility rate is low” says Gustavo Peretti, head of UNL's Geography Department  who travelled to Falklands with Mariano Varisco.

The Falklands' population composition can be described as 'constrictive' since there is a tendency to ageing in the population pyramid, in other words there are more elderly people than children. Comments belong to a member of an Argentine team of geography and migration experts from a university in Santa Fe province (Universidad Nacional del Litoral, UNL), who have been granted scholarships to collect such data from the Islands, based on a project the team presented.

Friday, February 5th 2016 - 08:22 UTC

Strong support message from S&Ps for Argentina's economic reforms

“We are raising our long-term unsolicited local currency rating to 'B-' from 'CCC+'. Likewise transfer & convertibility (T&C) assessment to 'B-' from 'CCC-'.

Standard & Poor's ratings agency says that Argentina’s new administration has presented a credible plan to deal with long-standing macroeconomic imbalances, eliminated foreign-exchange restrictions, and begun negotiations with its holdout creditors. The outlook on the local currency rating is stable, reflecting the new economic policies of the Administration, but also the potential difficulties in passing and implementing those plans.

Friday, February 5th 2016 - 08:15 UTC

Ushuaia has received 58.000 cruise visitors since 15 September; “Queen Mary” expected next week

The largest number of visitors was concentrated in January, with an estimated 25.000, and this weekend promises to be equally busy with 10.000 passengers.

An estimated 58,000 cruise visitors have landed in Ushuaia, extreme south of Argentina during the current 2015/16 season which took off last 15 September, according to the Tierra del Fuego Tourism Institute. The largest number was concentrated in January, with an estimated 25.000, and this weekend promises to be equally busy with several vessels calling with 10.000 passengers.

Friday, February 5th 2016 - 07:35 UTC

Argentina's main opposition force will attempt unity with party elections on May 8

“It’s important that the people don’t resign themselves to a lower quality of life,” said former Victory Front (FpV) presidential candidate Daniel Scioli

Argentina's main political force, Peronism, under the Justicialista party banner, announced that the party's elections will be held on 8 May, while the members of the electoral board set to oversee the election would be chosen during a meeting in Buenos Aires on February 24.

Friday, February 5th 2016 - 06:40 UTC

Argentine government creates registry to weed out hooligans from football

 Fans involved in violent instances in the past will be placed on a list that includes full names, DNI number, favoured teams and reason for the measures

The Argentine government officially unveiled the National Registry for Admission to Football Matches. The measure was announced by the Security Ministry, which released a statement saying they “needed the cooperation from the clubs affiliated with the Argentine Football Association (AFA), who will bring us the names of the people who are not allowed to attend soccer matches.”

Friday, February 5th 2016 - 06:27 UTC

Chilean government condemns vandalism by fans at Malvinas Memorial in Rosario

Ambassador Jose Antonio Viera-Galo received the director of the Flag Monument, Hernan Colautti and war veterans to whom he delivered the official letter

The Chilean ambassador in Buenos Aires met with Malvinas war veterans and the head of the National Monument to the Flag in the city of Rosario, and delivered an official letter condemning the violent actions and destruction by fans from the University of Chile football team against a Memorial to the Malvinas fallen.

Thursday, February 4th 2016 - 07:21 UTC

Kirchnerite opposition splits; Macri now has the main block in the Lower House

The rupture within former President Cristina Fernandez's Front for Victory (FPV) party was confirmed by party chief Hector Recalde

Argentina's main opposition party suffered a split on Wednesday after an estimated fifteen of its lawmakers quit, party leaders admitted, handing a boost to newly-elected President Mauricio Macri's hopes of pushing his legislative agenda through Congress. In effect, Macri's political alliance in the Lower House becomes the majority grouping.

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