
The Chicago Tribune, one of the leading Midwest US newspapers has been following closely the dispute in New York courts between the Argentine government and investment funds that are demanding full payment of sovereign bonds.

Argentina has started a major diplomatic campaign in an attempt to deny success to the Falkland Islands March referendum on its nationals’ political status, fearing the negative international repercussions for its sovereignty claims over the disputed Islands.

Argentina’s Ambassador to the United States, Jorge Argüello, assured on Monday that “Argentina will not pay the price for the financial irrationality of the North, and under no circumstances will tolerate the vulture funds’ blackmailing.”

The Argentine government will appeal on Monday the New York federal court ruling from Thomas Griesa which orders the country to pay 1.3billion dollars to the investment funds which held out from the (2005 and 2010) restructuring of the 2002 defaulted sovereign debt.

The Falklands referendum on March 10/11 is designed to simply ask the people of the Islands to state clearly their wishes regarding their political status, and this is supported by democratic practice, the UN guiding principle of self determination and even by Ban Ki-moon in recent reports in the Argentine press, said lawmaker Dick Sawle.

For the first time since 2002 Argentina is forecasted to end the tourism year with a negative balance totalling 2.3 billion dollars compared to a positive one of 304 million dollars in 2011, according to consultants Ecolatina.

Argentina is strongly committed with multilateralism and trusts in the UN to reach a fair, peaceful and long lasting solution to the sovereignty dispute in the Malvinas issue, said Ambassador Maria Cristina Perceval during her Friday credentials presentation ceremony with Secretary General Ban Ki-moon.

Uruguayan president Jose Mujica appealed to workers and entrepreneurs to avoid an escalation of salaries and prices which leads “to all sort of fiddling” as is happening in Argentina.

Argentina's government cut this season's wheat output forecast, citing three months of heavy rains that started in August and flooded key parts of the Pampas farm belt, the Agriculture Ministry said on Thursday.

Argentine Economy Minister Hernán Lorenzino assured during a press conference on Thursday that paying off the vulture funds is illegal, and said that the ruling by US District Judge Thomas Griesa against Argentina is unfair.