UN John J. Metzler(*) Reversing the trend of economic mismanagement, ending a fifteen year debt impasse with foreign lenders, calming a percolating political crisis over the disputed Falkland/Malvinas islands in the South Atlantic, and overcoming the image of unpredictability, Argentina’s new conservative government faces serious obstacles in reintroducing Argentina to an often skeptical world.
Argentine box-office hit and Oscar nominated picture Wild Tales (“Relatos Salvajes”) won Best Non-English Language Film at the BAFTA Awards. The British Film Academy also showered a lot of love on The Revenant, awarding Best Picture to Alejandro González Iñárritu and Best Actor to Leonardo DiCaprio.
Four Argentine amateur swimmers have been training for over a year preparing for the crossing of the Falklands' Sound which separates the two main islands, West from East Falkland. The purpose of the crossing is to bring attention on the 'delayed' process of identifying the remains of Argentine soldiers buried in the Falklands under a headstone that reads Argentine soldier, known only to God.
Argentine president Mauricio Macri and First Lady Juliana Wanda hosted the Rolling Stones on Sunday night at their country house, (in Malvinas Argentina), following their last presentation in Buenos Aires.
Continuing with his economic reforms Argentine president Mauricio Macri announced on Friday the elimination of export duties for metallic and non-metallic minerals during a visit to the province of San Juan, a key mining district in Argentina. At the announcement were present several other provincial governors with strong interests in the mining industry.
Hedge fund Aurelius Capital Management, one of the major creditors in the Argentine bond litigation who has not agreed to participate in a proposed $6.5 billion settlement, called Argentina's decision to return to court in the dispute baffling.
In the midst of ongoing negotiations in the United States courts between the administration of President Mauricio Macri and holdouts to reach an agreement, special master Daniel A. Pollack on Friday issued a statement reiterating “two major holdouts reached agreements in principle with Argentina to settle their claims.
One of the world's largest and most iconic cruise vessels called at Ushuaia, extreme south of Argentina, on Thursday following an absence of over ten years. Given the size of the 'Queen Mary 2', she anchored in the bay and those passengers of the 2.600 on board who decided to land were brought ashore in tenders.
Rockhopper Exploration which has a joint venture agreement with Premier Oil offshore the Falkland Islands, described the oil exploration campaign now terminated as a 'huge success' and underlines the postponement of the Chatham well drilling will have no impact on the Field Development Plan for the Sea Lion oil discovery development.
The Falkland Islands government and Premier Oil have announced on Friday the ocean rig 'Eirik Raude' contract termination, which in practical terms puts an end to the current exploratory campaign and the scheduled drilling of the Chatham well. Nevertheless both sides underlined the success of the now terminated campaign with the oil discoveries at the Zebedee and Isobel Deep prospects in the North Falkland basin and look forward to continue working in the near future.