The Argentine Coast Guard arrested on Sunday a Portuguese trawler poaching in the country's EEZ, and will in the next few hours be escorted to the port of Bahía Blanca where it will face charges.
By Martin Guzman (*) – The following piece was published in the Sunday editions of the Financial Times, ahead of a critical countdown in May for Argentina's debts and its creditors:
Argentina is willing to keep working toward a deal to restructure its debt if an offer that expires on Friday is rejected, the economy minister said. Economy Minister Martin Guzman told Argentine daily Clarin in an interview published on Sunday that he is seeing a “growing understanding” with bondholders ahead of a May 8 deadline for the offer that creditor groups already criticized.
Defense minister Agustín Rossi called on Argentines to claim sovereignty over the Falklands/Malvinas Islands with the same character displayed by the Argentine pilots during the 1982 South Atlantic conflict with the UK and underlined it's up to the new generations to make sure the Malvinas cause is not forgotten.
Argentines staged loud protests in Buenos Aires and most large cities on Thursday evening, banging pots from balconies, and later applauding, in a show of opposition to the government's release of prisoners, allegedly to slow the spread of the coronavirus.
Foreign minister Felipe Sola said Argentina is “not abandoning Mercosur, and did not leave any chair at the table”. Furthermore, this Thursday a round of ministerial talks will be taking place, requested by Paraguay, to keep analyzing the legal and institutional framework that some members pretend to speed a list of negotiations with other countries.
Argentina's Minister of Women, Gender and Diversity, Elizabeth Gómez Alcorta reiterated on Wednesday her complete rejection to the release of prisoners, accused or convicted of sexual crimes and gender violence, and asked the Justice to intervene to avoid “psychic and physical re-victimization of assaulted people.”
A Buenos Aires crude oil refinery operated by Argentine state-controlled energy firm YPF is running with a minimal level of workers due to a drop in consumption and a lack of storage space amid a crash in global oil prices during the coronavirus pandemic, a spokesman said on Wednesday.
Uruguayan president Luis Alberto Lacalle Pou and his Argentine peer, Alberto Fernandez held a half-hour video conference Tuesday mid-morning to address the recent decision by the current Argentine administration to freeze Mercosur free trade negotiations with potential new partners and instead concentrate efforts in overcoming the COVID-19 pandemic and its sanitary, social, economic and employment consequences.
Argentina’s latest effort to restructure its overseas debt probably won’t be its last, according to ex IMF advisor and Harvard University economist Carmen Reinhart, who has sounded alarms overcoming emerging markets crises in Venezuela and Turkey.