The Argentine government is looking for mechanisms to sanction all those vessels that somehow have participated in the Falkland Islands oil exploration logistics. Operations are set to begin next week with the arrival of the “Ocean Guardian” oil rig.
Argentina will be taking the case of oil exploration in Falkland Islands waters by private companies licensed by the Islands government to the United Nations, but not to the International Court of The Hague as had been suggested since the London/Buenos Aires dispute resumed a few weeks ago.
Uruguayan president elect Jose Mujica promised to the business elite of the River Plate economic stability, standing rules of the game, low taxes, incentives and reduced risks in exchange for productive investments in the country’s economy.
Brazilian police arrested on Thursday a key opposition party district governor on bribery charges, potentially hurting the right wing's chances in the general election this year.
Two Argentine solicitors announced they will be pressing criminal charges against the Ministry of Economy for having contracted Britain’s Barclays’ bank for a major sovereign defaulted bonds swap and this financial institution is “a shareholder of Desire Petroleum, the oil company which is poised to begin exploration operations this month in Malvinas waters”.
European Union leaders meeting in Brussels agreed on Thursday to assist Greece with its debt problems, though EU President Herman Van Rompuy offered no details as to what that will entail.
Argentina blocked Wednesday a ship from leaving a Techint Group plant after it traveled to the Falkland Islands without government permission, the Argentine Foreign Office said. The “Thor Leader” is docked in Techint’s Campana plant carrying a cargo of 7.099 tons seamless pipes, the government office said in a statement.
The European Union (EU) first full-time President Herman Van Rompuy will chair an informal summit on Thursday to draw an economic blueprint for the bloc for 2020. The meeting is also devoted to addressing some immediate challenges, such as record high unemployment and the possible-default crisis in Greece potentially extending to other members.
Argentine President Cristina Fernández de Kirchner admitted that meat prices have risen dramatically (30 to 40%) but immediately blamed the farming sector” and its obsession “to be more profitable as the main reason behind the price escalade.
A member of the Argentine Supreme Court suggested that the high court may reject a government appeal that could open the way for the government of President Cristina Fernandez de Kirchner to pay debts with Central bank reserves.