The black market dollar exchange rate in Argentina pierced the milestone 8 Pesos mark while the official rate climbed to 5.09 Pesos with the gap between the two markets reaching 57%. The other ‘cash’ option: buying Argentine shares in Buenos Aires and reselling them in New York climbed 10 cents to 8.46 Pesos.
In contrast with the 0.5% inflation reported by the Argentine government’s controversial stats office, Indec, the index based on private estimates and released by opposition lawmakers climbed to 1.23% with an accumulated 25.27% in the last twelve months.
The Argentine government demands to control the Falkland Islands against the wishes of the people who live there are fundamentally incompatible with modern democratic values and attempts to intimidate the Islanders must cease, said Foreign Secretary William Hague in an update to Parliament.
Under the heading of “Malvinas: British” the influential Brazilian newspaper Folha de Sao Paulo describes the 99.8% result of the Falklands referendum as a “compelling defeat” for the Argentine government and a litigation hard to sustain when international law rests more on the peoples’ perspective than in the historic, real or imaginary territorial possession.
The government of President Cristina Fernandez is furious with the Brazil-based Vale mining company for suspending its 6 billion dollars potash development in Mendoza, the largest investment in Argentina in recent years.
The Canadian government said on Wednesday that the results of the Falkland Islands referendum are “very clear” and “only” the people of the Islands are entitled to decide on their future. However the European Commission refused to get involved in the discussion arguing it is an “internal affair” of an EU member.
The Argentine Congress in extraordinary sessions held on Wednesday in both Houses unanimously rejected the Falkland Islands referendum in which the local population overwhelmingly decided to remain as a British Overseas Territory.
Argentine consumer prices rose 0.5% in February, the smallest gain since June 2009, after supermarkets and home appliance retailers agreed to freeze prices for sixty days, according to the government’s much questioned stats office, Indec.
Argentine President Cristina Fernández will be attending the official ceremony installing Jorge Ramon Bergoglio as Francis I which is scheduled to take place next March 19. The announcement was made by the presidential office.
Three firsts for the new Pope: Argentine, Jesuit and his election by fellow cardinals was announced by twitter. Jorge Mario Bergoglio, is a theological conservative with a strong social conscience, and a modest man who declined the archbishop's luxurious residence to live in a simple apartment and travel by public transport.