President Cristina Fernandez pledged on national television late Monday that Argentina will abide and honor its debts, the 92% of those who trusted in the country and hopefully the 100% of creditors, but will not accept 'extortions'.
Argentine foreign minister Hector Timerman said that the pulp mill dispute with Uruguay is 'political' and wondered how great is Finland's' Botnia-UPM influence in the country, but at the same time underlined that all chances of dialogue have been 'exhausted'.
Vatican officials are becoming increasingly irritated with the Argentine government after its ambassador to Britain, who is a vocal critic of the UK policy regarding the Falkland Islands, requested a private audience with the Argentine born pontiff, reports a piece by Edward Pentin, published by Newsmax.com.
The lasted chapter of the resurgent diplomatic conflict between Argentina and Uruguay was not addressed during a brief encounter of presidents Cristina Fernandez and Jose Mujica in Bolivia where they attended the G77 plus China summit over the weekend.
The G77 plus China extraordinary summit which took place in Bolivia over the weekend approved two statements in support of Argentina's position in the 'Malvinas Islands question' and a second referred to the current conflict with holdout hedge funds, a long running litigation that has reached the US Supreme Court. Argentine president Cristina Fernández attended the Santa Cruz de la Sierra event.
US Supreme Court is likely to issue a ruling in the upcoming months favoring Argentina’s position in the country’s dispute against hedge funds ('vulture funds'), anticipated former Argentine Finances Secretary Guillermo Nielsen.
Argentina is promoting the use of the distinctive label of Mar Argentino, Salvaje y Austral, for fishery produce traded by Argentine companies. The Federal Fisheries Council, CFP, is responsible for the implementation of the initiative which aims to incorporate the origin seal and promotional brochures.
Argentina's consumer price index revealed an inflation rate of 1.4% for May, down from 1.8% in the previous month announced on Friday Economy Minister Axel Kicillof at a press conference held at the Ministry in Buenos Aires. In the first five months of the year inflation stands at 13.5%.
Argentina reacted strongly and with a letter in harsh terms to Uruguay's decision to authorize Finland's UPM-Kymmene pulp mill to increase annual production by 8%. The letter addressed by Foreign minister Hector Timerman to his peer Luis Almagro informs Argentina will take the case to international tribunals and is currently 'reassessing' bilateral relations.
The Falkland Islands on Liberation Day pledged to continue developing its economy “for the benefit of our people, and for the preservation of our homeland”, despite the Argentine government's concerted efforts “to stifle our economic and political development over the last ten years”.