Why should the UK support Argentina financially when the country is acting against British interests particularly in issues such as the Falkland Islands, asks an article in the Mail-online.
The US State Department said on Wednesday that Argentina must normalize relations with creditors. The statement follows an announcement last week from the Treasury Department warning that the US will vote against granting loans to Argentina in multilateral organizations.
“Force” and “defence budgets” are the only reason Great Britain can wield in support of the Malvinas Islands where “it holds 2.000 people hostage on Islands of Argentine sovereignty”, said Argentine Defence minister Arturo Puricelli.
Argentina’s latest provincial election, before the October 23 presidential ballot, was a landslide victory for Cristina Fernandez de Kirchner supported candidates and an end to 28 years of dominance by Argentina’s main opposition party in the Patagonia province of Rio Negro.
Argentina 2010/2011 crop reached 102.082 million tons of grains and oil seeds, a ‘historic record’, according to an official release from the Ministry of Agriculture.
The following piece was written by Andrés Velasco, a former Minister of Finance of Chile, and visiting professor at Columbia University for 2011-2012. As a neighbour of Argentina, first, and then as an economist he is well entitled to give an accurate briefing.
Argentina should pay its debt with the Paris Club group of creditor nations if it wants to continue receiving foreign investment, said Paolo Martelli, director for Latin America of the World Bank’s International Finance Corp, reports Buenos Aires daily La Nación.
The UK has no doubts about Falkland Islands sovereignty: ‘they are British and they are not negotiable’, said on Monday a Foreign Office spokesperson in reply to a Sunday statement from the G77 plus China calling on Argentina and UK to resume sovereignty negotiations over the South Atlantic Islands.
Argentine Economy Minister Amado Boudou urged countries in the region to “seize the opportunity created as a result of the crisis affecting developed nations and implement their own solutions.”
Nicolas Eyzaguirre, the IMF director for Latin America, stated that Argentina must apply “major measures” to improve its method of measuring the inflation.