Britain sent a defiant message to Argentina on the 30th anniversary of the end of the Falklands War by flying the Islands' flag above Downing Street.
Argentina's official inflation was 0.8% in May, the same as in April despite slowing economic growth, the government said on Wednesday. Inflation in the last twelve months stands at 9.9% and 4.3% in the first five months of the year.
Luciana Aymar, known as the Maradona of female field hockey, will be Argentina's flag bearer at the London 2012 Olympic Games, to begin on July 27.
UK Prime Minister David Cameron praised the planned Falkland Islands referendum over its sovereignty as he warned their views do matter and told Argentina not to ignore them.
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.