
Argentina and Repsol-YPF oil corporation again clashed on Wednesday over the future of the Spanish owned company while members of President Cristina Fernandez administration said measures “can not be discarded” thus re-launching fears about further government actions.

Foreign Affairs minister Hector Timerman said on Tuesday “there is no country” in the world that can say Argentina is protectionist and claimed it is the G20 member that saw imports soar most between 2010 and 2011.

During a live press conference on Tuesday, Argentine President Cristina Fernández thanked “the Peruvian government and population” for their decision to leave without effect the scheduled, but controversial, visit of a British frigate “in support of the Argentine sovereignty claim over the Malvinas Islands.”

The next Mercosur presidential summit is scheduled to take place next 26/28 June in the city of Mendoza, when the rotating chair will be handed for the following six months to Brazil.

Adding fuel to the quarrel between Argentina and Spain for disagreements over Spanish investors administrated YPF, Spanish Industry minister of José Manuel Soria vowed on Tuesday to defend his country’s interests.

Thirty years after the end of the South Atlantic conflict, the people of the Falkland Islands will be recovering an iconic leisure ground which remained banned for three decades because of the mines planted by the retreating Argentine forces that invaded the Islands 2 April 1982.

Uruguayan president Jose Mujica promised on Monday to ‘fight to the death’ for the future of Mercosur in spite of the fact that the group’s junior members Uruguay and Paraguay are suffering the most as Argentina and Brazil implement growing hurdles to trade.

“As of this year Brazil will follow the US example giving a 25% margin of preference to local goods in government procurement”, said Fernando Pimentel, Minister for Development, Industry and Foreign Trade.

Argentina’s truckers called Monday an indefinite strike to demand higher pay rates, parking their rigs in protest just as exporters were counting on them to haul freshly harvested soybeans to port.

According to press reports from Norway and New Zealand over the weekend, the 54-foot yacht steel yacht Nilaya is reported to be sailing off Antarctica with a broken boom and is heading for an unspecified Argentine Antarctic base to carry out emergency repairs and to refuel.