The foreign exchange clamp in Argentina is reaching the provinces, one of which at least was unable to honor maturing bonds in dollars and made the payment in Argentine Pesos.
Argentina Coast and Border Guards voted on Tuesday to continue with the eight day conflict after they considered ‘insufficient’ the government’s reply to their demands of higher salary and improved working conditions.
The case of the seized Argentine naval ship ARA Libertad was heard on Tuesday by a Ghana Commercial Court which will rule on Thursday whether to release the vessel impounded on arrival last week at the Port of Tema, according to the official Ghana News Agency.
Brazil came out strongly in support of Argentina’s sovereignty claims over the Falklands/Malvinas Islands and criticized British military exercises in the Islands during his speech on Monday to the Americas Defence ministers’ conference taking place in Punta del Este, Uruguay.
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Kenzo, Louis Vuitton, Armani, Calvin Klein, Polo Ralph Lauren, Cartier are some of the designer luxury brands that have left or are leaving Argentina forced by the very strict import restrictions and money exchange controls.
Several British newspapers have turned their eyes on Argentina arguing that the challenging situation faced by President Cristina Fernandez both domestically and internationally is making her increasingly take advantage of the Falkland Islands dispute as a smokescreen to mask domestic failings.
Argentina’s intention of having the Falklands/Malvinas sovereignty issue included in the agenda of the Americas Defense ministers’ conference currently taking place in Uruguay was rejected, mainly because of the positions from the US, Canada and several Caribbean states.
The British government said that the military exercises scheduled to be carried out in the Falkland Islands beginning Monday are “annual and routine exercises.” The move had been strongly condemned by the Argentine government.
Next Tuesday the Ghana Supreme Court will be holding a hearing to consider a motion from the government of President Cristina Fernandez requesting the annulment of the injunction retaining Argentina’s navy training vessel ARA Libertad following a legal proceeding from a hedge fund holding Argentine defaulted sovereign bonds.