Falkland Islands farmers are being urged to plan for income reductions in the order of 15 to 25% for the season's wool production with the potential for more reductions, MLA Phyl Rendell announced in Legislative Assembly last week.
The European Central Bank left interest rates at a record low at 0.25% on Thursday, but said it remained ready to act in the face of risks to the Euro zone economy, particularly turbulence in the emerging markets, and downplayed deflation.
The current Argentine economic situation reached the US Capitol during the hearings to consider President Obama's nomination for future ambassador in Buenos Aires, and what was said was not encouraging.
The Argentine embassy in Montevideo through a Forum Malvinas Uruguay release totally rejected the decision from a group of Uruguayan lawmakers, representing all parties in parliament, accepting an invitation from the British embassy to visit the Falkland Islands.
Britain's Premier Oil said it was seeking a partner for an oil development in the Falkland Islands in order to reduce its exposure to the 5.2 billion dollar project and make higher payouts to shareholders.
The superficialities and inconsistencies of the last Justicialista governments (Presidents Carlos Menem, Nestor Kirchner and Cristina Fernandez) have facilitated the consolidation of British presence in the South Atlantic and this will continue unless the Argentine political system agrees on a state policy regarding the recovery of the Malvinas Islands.