Economy minister Hernan Lorenzino became the laughing stock of Argentina when a video was revealed showing him suspending an interview with Greek television arguing that Argentine inflation ‘is too complex’ and telling his aides, ‘I want to leave’. One of the aides then tells the Greek reporter that in Argentina ‘we don’t discuss inflation’.
The rate of poverty in Argentina dropped to 5.4% last year and indigence was down to 1.5%, according to data released by the controversial government’s stats office, Indec. A person ceases to be indigent in Argentina if he can feed on 6 Pesos daily, which based on the official rate is just over one dollar but in the parallel market 75 US cents.
“The Falkland Islands is about people; it is not about rocks. It is about people’s right to lead lives as they wish to lead them. As people in Argentina can: to live in peace, prosperity. It is about making their choices and leading their lives and having their home as an expression of their wishes, not somebody else’s wishes. They should be able to self-determine their own futures”.
The US dollar in Argentina’s ‘blue’ or parallel market skyrocketed on Wednesday to 8.91 and 8.94 Pesos, beating the previous record of 8.75 Pesos from March 20, previous to Holy Week. The official rate meantime remained relatively stable and closed trading at 5.13 and 5.18 Pesos, which means the gap between the two markets stands at 71%.
Brazilian president Dilma Rousseff will travel to Buenos Aires on Thursday for a two-day meeting with her Argentine counterpart Cristina Fernández and discuss political and trade matters between the two countries after an imports drop in Argentina last year and the cancelling by Brazil of a major investment project.
A suggestion by some British senior Members of Parliament advocating a change of name for the Falkland Islands capital, Stanley to Port Margaret Thatcher in honour of the late Baroness had a strong reply from the local weekly, Penguin News.
England will play three matches on their tour to Argentina and Uruguay this coming June, announced the Rugby Union in England. Stuart Lancaster’s side will face a CONSUR XV representing the South American nations in Montevideo, Uruguay, on Sunday, June 2 (3.30pm local time, 7.30pm BST).
Ralph Lauren Corp. has agreed to pay 1.6 million dollars to the US Securities and Exchange Commission, SEC, after finding that its subsidiary in Argentina repeatedly bribed customs officials, federal authorities announced Monday.
Argentina’s Rafael Grossi has resigned as assistant director-general of the Vienna-based International Atomic Energy Agency (IAEA), sparking speculation as to whether his exit might be linked to Argentina’s agreement earlier this year with Iran.
Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.