The US Supreme Court has asked President Barack Obama's administration for its views of a ruling that unfroze 105 million dollars of Argentina's central bank deposits in a setback for two US investment funds that sought to seize the money to satisfy their claims from Argentina’s debt default a decade ago.
In another round of the ongoing battle between the Argentina government and the leader of organized labour Hugo Moyano, Interior Minister Florencio Randazzo stated that “if the union leaders are really representatives of the working class, there is no possibility of a divorce between the CGT Labour Confederation and the national government”.
The presence of a cloud of ash caused by a volcano in Chile has again closed an airport in neighbouring Argentina just days after it had re-opened anticipating massive losses for the tourism and the resort’s finances.
A Royal Navy veteran from the Falklands War has completed an extraordinary journey to meet the Argentine pilot he thought he had shot down and killed during the 1982 conflict.
As extreme drought conditions punish Argentina’s crops throughout the country farmers’ organizations are at loggerheads with the government of President Cristina Fernandez, which is refusing to increase the emergency fund for such situations and to alleviate the tax burden.
Argentina’s official inflation in 2011 reached 9.5%, following on December’s Consumer Prices Index (IPC) of 0.8%. Both percentages from the National Stats bureau, Indec are disputed by the Congressional index and private sector estimates which stand at a floor of 22.8% and 1.9%.
Bolivian president Evo Morales said the Malvinas Islands are Argentine and gave full support to his peer Cristina Fernandez siding with Mercosur in the dispute with the UK over the South Atlantic Islands sovereignty and the latest decision to bar all Falklands flagged vessels from regional ports.
Brazil's government is ready to respond to Argentine trade restrictions introduced this week but will evaluate the impact of the measures before making any retaliatory moves, trade officials said Friday.
Argentine opposition lawmakers presented December’s consumer inflation index based in the analysis of nine private agencies, which showed a 1.9% increase over the previous month and totalling 22.81% for the twelve months of 2011, roughly double the official index.
Speaking at a press conference from Washington DC on Thursday, IMF acting director of External Relations Gerry Rice said the organization’s directors “will meet in late January or early February to analyze the progress made in Argentina’s statistics”.