MercoPress. South Atlantic News Agency
Falklands’ economy poised to expand 5.3% following a contraction in 2009
The Falkland Islands economy is expected to expand by 5.3% in real terms during 2010, following a period of contraction in 2009, which was caused primarily by a poor fish harvest rather than the immediate effects of the global recession, according to the Economic Briefing & Forecast released by the Falklands’ government. Read full article
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Disclaimer & comment rulesGood news. Overfishing by Argentine boats remains a huge problem, but once the squid are gone they're gone. It is to be hoped that an oil industry will come along to replace any losses from fishing.
Mar 13th, 2010 - 01:57 am - Link - Report abuse 0Keep on dreaming. The oil industry will not have the smooth sailing that you think. I suspect theat there will be a few surprises in the road ahead. Argentina will perform better though, 7%.
Mar 13th, 2010 - 02:49 am - Link - Report abuse 0Exocet82
Mar 13th, 2010 - 08:24 am - Link - Report abuse 0Please indicate what surprises could possibly get in the way of the Islands establishing a hydrocarbon industry (providing of course the exploration is successful). The Argentine leadership appear to have played all their cards at once with the only the option of refering the matter to The Hauge (which they have at the moment ruled out).
While it would be better for all to enjoy an industry partnership with Argentina it is still economically viable to bypass Argentina and process the raw crude in another location either in South or North America, West Africa or indeed the UK.
A right of centre politician in now in place in Chile and there is an election in Argentina which may result in less jingoism and more sound economic descisions that would benefit Argentine citizens directly and indirectly.
Do you want this opportunity to provide a more comfortable life for your family or would you rather cut off your nose to spite your face?
Dr Beef
jajaja, why don´t you talk about the 20% reduction in 2009 economy??
Mar 13th, 2010 - 09:18 pm - Link - Report abuse 0Did the the argentine posse say something? No I didnt think so. yawn.
Mar 13th, 2010 - 10:52 pm - Link - Report abuse 0Keep drilling.
I have a hunch that the Argies have cut a deal with the Americans. Take your time. Think about it. When it comes to oil, why wouldn't that surprise you?
Mar 14th, 2010 - 04:28 am - Link - Report abuse 0How much is a growth of 5% in the Malvinas managed by the UK and only seen by the kelpers?. Two or three pounds?.
Mar 14th, 2010 - 06:59 am - Link - Report abuse 0Yes, keep on drilling. You r going to get to China, where you cowardly gave up Hong Kong...
IT LOOKS LIKE A BIG SALES EVENT!
Mar 14th, 2010 - 08:43 am - Link - Report abuse 0http://www.infobae.com/imagenes/1057-1-Portaaviones-USS-Carl-Vinson-Argentina
http://www.infobae.com/imagenes/1057-1-Portaaviones-USS-Carl-Vinson-Argentina
Poison....you hit it right on the nail buddy. There it was either deal or the Chinese would have placed 100,000 troops in downtown Hong Kong in an hour and the Invincible would have been sunk before it left port. Obviously, the British respect force.
Mar 14th, 2010 - 08:47 am - Link - Report abuse 0Exocet, it not only looks like a BIG SALES AVENT, but with much oil exploitation accomodation under Argentine sovereignty to go with it.
Mar 14th, 2010 - 08:50 am - Link - Report abuse 0Mmmmmm.... Interesting!<br />
Mar 14th, 2010 - 09:02 am - Link - Report abuse 0<br />
http://www.infobae.com/imagenes/1057-1-Portaaviones-USS-Carl-Vinson-Argentina
Beef...Argentine is the best....you said
Mar 14th, 2010 - 09:12 am - Link - Report abuse 0”Please indicate what surprises could possibly get in the way of the Islands establishing a hydrocarbon industry (providing of course the exploration is successful). The Argentine leadership appear to have played all their cards at once with the only the option of refering the matter to The Hauge (which they have at the moment ruled out).?
Read my other comments
“While it would be better for all to enjoy an industry partnership with Argentina it is still economically viable to bypass Argentina and process the raw crude in another location either in South or North America, West Africa or indeed the UK.”
Your costs will be too steep.
“A right of centre politician in now in place in Chile and there is an election in Argentina which may result in less jingoism and more sound economic descisions that would benefit Argentine citizens directly and indirectly.”
Thats chiles choice and has nothing to do with Argentina. As for the Argentine Election, who ever we choose is our matter and who ever will be chosen will defend the Malvinas claim. The current government is making sound economic decisions and there is no need to change that.
Do you want this opportunity to provide a more comfortable life for your family or would you rather cut off your nose to spite your face?
What opportunity? The one that you try to deny us by stealing our natural resorces...YOU PIRATE! By the way, my family and I have a pretty confortable way of life as it is, why should you even think otherwise you ignorant thief. I am not cutting off my nose but I'd be glad to cut yours off for you.
The islanders are attempting to exploit their natural resources and there can be nothing wrong in that. If those resources are 'viable' then there is no great need to use Argentine ports. This may reduce profits but not enough to reduce the advantage to the islanders.
Mar 14th, 2010 - 12:27 pm - Link - Report abuse 0Did the the argentine posse say something? No I didnt think so. yawn.<br /><br />
Mar 14th, 2010 - 06:54 pm - Link - Report abuse 0Keep drilling. Read some more history grease guns
Ah yes the Pirate card is played, when opposite number provides a coherent arguement that makes sense and/...play Pirate card, automaticaly by law in Argentina this wins the arguement......
Mar 14th, 2010 - 07:01 pm - Link - Report abuse 0international law though has yet to recognise such logical and intelligent interpretations of reasoned discussion.
Poison - all of any £5 belongs to and syays in the Islands - we have been economically independent of UkK as regards balancing our books since the 1880s. IF-and it is only an if - commericial oil is found and then later exploited it will go direct from the well heads in tankers to anywhere for refining - irrelevant as to where - after all they haul it from the middle east to europe all around the bottom of Africa!
Mar 14th, 2010 - 09:16 pm - Link - Report abuse 0Poison- I mean 5% not £5 as you realise. HongKong - try and get your basic facts right first - it saves you looking a fool in future. Hong Kong consists of Hong Kong Island - a small island that yes was British Crown territory, then there was the larger land ares called ”The New Territories - this ALWAYS WAS CHINA,s - it was merely leased from them in 1898 for 99 years! So it automatically became Chinese again by law in 1997, Hong Kong Island is very small and everyone knows it was unsustainable on its own without the larger land area attatched - thats why it was added in 1898 I assume. So it was very obvious to the Chinese AND the British for many years that in 1997 UK would give back to China what was legally again hers AND cede Hong Kong Island as well.There was never any idea that UK would hang onto it, nor military threat from China. The question never arose - all that UK and China did in the 10yrs before was agree a system where the chinese people living there could continue their way of life and business culture etc and be part of mainland China again.
Mar 14th, 2010 - 10:13 pm - Link - Report abuse 0The Falklands are totally different, firstly we are not leased territory, nor are we too small to survive economically - we do it. Thirdly we are a different people, way of life,laws and customs to our neighbours.
Che idiot exocet type: Argentina will perform better though, 7%.
Mar 15th, 2010 - 12:44 am - Link - Report abuse 0LAUGH, 7%??? In your dreams and keep listening to your Kirchner plactic doll the crony capitalist. We all know that the republic of che idiots will grow less than the nations Chile, Peru and Brazil. Argentina will perform better if you know that the kirchners manipulate the numbers and will perform better compared to 2009 when the economy contracted dramatically. Inflation is rising and debt interest rates rising will be a bigger surprise for you clows in the republic of che idiots a.s.a.p..LAUGH. Good jobs falklands, show those idiot che idiots what real capitalism. 7%...hahahahahaha. Exocet che idiot, show us a link where they “believe” Argentina will grow 7%..I wouldn't be suprised if it's one of your state newspapers..LAUGH.
Hahahaha......... exocet82 and Poison are very humerous.
Mar 15th, 2010 - 07:50 am - Link - Report abuse 0Hong Kong was leased to the UK in 1897, the leese was always paid, and when the leese was coming to the expiry date, The UK willingly gqave it back to the Chineese better than ever. Which really boosted the Chinesse ecomony, and allowed them to grow.
The ceromony was quite spectacular, parades with the Black Watrch in there full fancy dress parading the streets, joyous handshakes, and a very very open invitation to do business in the future.
But then again, if you googled it, or read a history book not printed in Argentina, you both would of known this.
Besides, i liked what your former President has to say about it's current government......
Laughing all the way to the bank, Keep DRILLING BOYS.................xD
Exocet and Poison are very funny people. They must be trying to be funny, because if they are trying to be serious in their arguments they are really falling short. I also find it very funn that they call us pirates...they must think that insults us...they need to embrace their (Spanish) pirate heritage, along with the Nazi refuge heritage, their past junta's heritage, their constantly poor economic state heritage, their worship of a chubby short cocaine cheating footballer heritage. We will keep exploring for oil in our waters, while the big bully throws tantrums and keeps acting childish.
Mar 15th, 2010 - 12:52 pm - Link - Report abuse 0PS. I cant see America siding (wholeheartedly) with the Argentines, when Britain have been America's closest allies since the 1910s.
America will not do a thing, they are happy to see how it all plays out. As for siding them with Argentina, well i think there is more chance of ass flavoured lollypops becoming a world wide hit.
Mar 15th, 2010 - 01:46 pm - Link - Report abuse 0Lets face it, Argentina has neither the political, historical, legal nor the military capability to take the Falklands. All they can do is resort to Bully-Boy tactics, why is this......... Because like all Bullies, they are nothing more than cowards. Fact of life i'm afraid.
Here's a thought, If the UK is such cowards, then why do we defend the rights of others, whom can not defend themselves.............
If it ever came to conflict (which it never will, cause one side can not finance it/too scared to) I for one would be happy to sign the dotted line once more, and defend the Falklands from the mindless drones of the Argies.
Can i hear Pirates/Goto Work/pay off debt etc etc from the other side????? Wonder who will be first to post.
Jag satsade några pengar det är gift
It wouldn't matter if the subject was 'scrabble' or Byzantine art-you guys would find a reason to turn it into a slanging match with each other.
Mar 15th, 2010 - 05:29 pm - Link - Report abuse 0The world is too big a place guys.
Rumours here in Britain are of an oil find in the Falklands which delights me not because I'm British or anti Argentinian.
It would delight me because it's just a good thing in it's own right.
As a matter of interest The Chinese National Oil corporation have just puchased 50% of an Argentinian company which happens to own 40% of 'Pan American' which is the second largest Oil company in Argentina.
Guess who owns the other 60%? Well actually it's British Petroleum.
Shock horror shock.
Having discovered this you could lobby your government to have it nationalised but would you really want to upset China?
Scrabble anyone?
Paul.
Tediosum in Arseium is what springs to mind with the Argie kittens on here, I have never seen to date once a coherent arguement to explain:
Mar 15th, 2010 - 09:41 pm - Link - Report abuse 01. How the Falklands are not entitled to self determination
2. How they are still a colony.
3. How apparently they are still under direct rule.
4. How Argentina is economically and strategically threatened by a defense force and a group of 4,000 farmers and fishermen.
5. How the UK ordered the rig in when it was the Islands Govt who have done it.
6. How the territroial integrity of Argentina is threatened.
7. How China and Russia will mysteriously side with Argentina.
I rest my case...
exocet
Mar 17th, 2010 - 10:56 pm - Link - Report abuse 0My, you are sure are a bitter and twisted individual. Why ther violent and personal nature of your comment?
Cut of my nose? Would like to see you try pal. After playing rugby against many Argentine teams I am certainly not worried about any empty threat you put my way.
BTW, if we were stealing your resources then why is no relevant body doing anything to stop us and why not therefore refer the matter to the ICJ? The reason is that the oil exploration is perfectly legal and the admission that your leadership will not take the matter to The Hauge is tant amount to admitting they do not have a legal foot to stand on.
Also, with the cost of oil as it is, it is perfectly feasible to ship the oil to the UK or West Africa, the technology is already in use to do this. I doubt this will happen though as there are other states in the Americas who would love to get involved. It a business descision that trancends politics or the embarrasing outbursts by your leadership.
Argentina is in no way going to come out of this in a stronger position and you have more realistic and pressing things to deal with.
Argentina have no more significant cards to play so simlpy get invovled in collaboration and you will take home some winnings or lose the lot to another player.
Gents, thanks to god, not all of us in Argentina subscribe to the diatribe disseminated by my so called “compatriotas” here.
Mar 22nd, 2010 - 01:38 pm - Link - Report abuse 0Commenting for this story is now closed.
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