The Foreign Office has dealt a blow following an apparent recognition by the European Union of the Argentine name for the Falkland Islands. EU chiefs met with 33 Latin American countries, known as the Community of Latin American and Caribbean States (CELAC), in Brussels earlier this week and signed the EU-CELAC summit declaration (pdf). The…
IN-DEPTH: Argentina Starts Allowing Bank Accounts in Chinese Yuan, But Locals Prefer Dollars
July 16, 2023
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The ongoing shortage of U.S. dollars in Argentina has reached a new milestone, and officials are taking drastic steps to refill depleted foreign currency coffers. On June 29, Argentina’s Central Bank announced it would allow residents and businesses to hold accounts in China’s RMB yuan. The historic decision marks a departure from using solely the…
IMF Hints Allowing Countries to Use Chinese Yuan for Debt Repayment
July 15, 2023
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The International Monetary Fund (IMF) has hinted that it may accept the Chinese Yuan as a currency for countries to settle their obligations with the IMF following Argentina’s recent debt repayment in yuan. IMF spokesperson Julie Kozack confirmed on Thursday that Argentina had paid off part of its debts—equivalent to $1.1 billion of the $2.7…
ANALYSIS: CCP Poised to Expand Security Footprint in Latin America With New Port in Argentina
China’s rapidly expanding military and surveillance initiatives across Latin America have become more than just a thorn in the side of Washington. In Argentina’s southern tip, Tierra del Fuego, on June 5, Governor Gustavo Melella greenlit a”multi-purpose” Chinese-operated port facility through decree 3312/22, which entered the provincial legislature the same day. The country currently houses a Chinese…
China’s Xi Jinping and the Galtieri Syndrome: Indicators of an Irrational War?
Commentary What motivates Xi Jinping? What could drive the actions of the leader of communist China is the key strategic question of the decade. Events and conditions ensure that there is a finite, short-term timeframe in which we will see profound strategic actions initiated by Mr. Xi before those factors turn against him. Is that…
Argentine Soccer Star Lionel Messi Detained by Chinese Police at Beijing Airport Due to Visa Issue
June 14, 2023
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Argentine soccer superstar Lionel Messi arrived in Beijing on June 10 ahead of a friendly game against Australia in Beijing’s Workers Stadium on June 15, but was detained by Chinese police at the airport for more than two hours due to a visa issue. This was Messi’s seventh visit to China, and hordes of fans…
‘In Principle, I’m Done’, Messi Unlikely to Play at 2026 World Cup
BEIJING—Argentina skipper Lionel Messi has said that “in principle” last year’s World Cup would be his fifth and final appearance at global soccer’s showpiece event. The 35-year-old forward led his country to a third World Cup triumph in Qatar last December, saying throughout the tournament that he would not be playing at another edition. Messi…
ANALYSIS: US Woke Agenda Flops in Latin America
News Analysis Pockets of far-Left activists who’ve taken up the mantle of U.S. “woke” ideology have popped up in Latin America like political whack-a-moles. Yet their rallying cry has fallen on mostly deaf ears despite a new wave of leftist leaders in the region. Due to the woke movement’s trademark rigid views on divisive social…
Libertarian Argentine Breaking the Leftist Mold in South America
Argentina is gearing up for a highly anticipated election in October, and with the country facing economic turmoil, voters are looking for a change. With an annual inflation rate of 109 percent, a rapidly depreciating black-market peso, and a severe drought affecting a large part of the country, the electorate has undergone a dramatic shift….
Maradona’s Medical Team on Trial in Former Great’s Death
BUENOS AIRES—Eight health care professionals will stand trial in the death of soccer great Diego Maradona in 2020, an Argentine court has ruled. The date of the proceedings has yet to be set, but they are unlikely to begin before next year, the court said Tuesday. A medical board’s report previously given to prosecutors concluded…
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