
British Foreign Minister David Lidington condemned on Wednesday the actions of Argentina against the Falkland Islands claiming they were not those of a 'responsible' country.

The London-based South Atlantic Council today made a call “for a new understanding of sovereignty” thirty years after the cease-fire that ended hostilities between Britain and Argentina.

Argentine President Cristina Fernandez leaves Wednesday at 19.00 hours for New York where on Thursday afternoon she is scheduled to address the UN Decolonization Committee claiming sovereignty over the Falklands/Malvinas and other South Atlantic Islands as well as demand discussions with the UK over the future of those territories.

On June 7 the Argentine government presented a bill to require debt and new contracts are denominated in pesos, while the government is mulling the de-dollarisation of real estate contracts. This would make real estate purchases even more difficult than they currently are in a country with ever-tightening capital controls.

In an attempt to recover the political initiative and sliding opinion polls Argentine President Cristina Fernández announced the launching of an ambitious housing program aimed at building 400.000 homes in the next four years.

Moody's Investors Service decided to slash the long-term rating of Spanish oil company Repsol after the Argentine government seized 51% stake of Argentina based YPF, formally run by Repsol.

The amount of additional money Brazil plans to contribute to the IMF will depend on commitments to bolster the influence of emerging-market nations at the global lender, a senior Brazilian government official said on Tuesday.

Argentine President Cristina Fernandez pledged Tuesday to make an upcoming 2.2 billion dollars Boden 2012 bond payment in US dollars, rejecting recent speculation that the government would try to pay some or all of its foreign-currency-denominated debt in Argentine pesos.

Argentine ruling coalition lawmakers rejected point blank the referendum on the Falkland Islands’ political status announced for 2013 by the Falklands elected government, and claimed it was a media stunt to distract attention from Argentine president Cristina Fernandez presentation before the UN Decolonization committee.

The US has stated that it will remain neutral in the Falklands/Malvinas Islands sovereignty dispute between Argentina and the United Kingdom, said the spokesperson of the US State Department’s Victoria Nuland after the announcement that the Islanders will hold a referendum in 2013 to decided whether they want to remain British or not.