The Falkland Islands Brace for Oil Wealth

The islanders start planning how to handle $10.5 billion in oil revenue
Falkland Islanders voted overwhelmingly in favor of remaining British Photograph by Marcos Brindicci/Reuters

On March 10 and 11, Falkland Islanders voted in a referendum on whether to remain under British rule. Of its 2,563 citizens, only three voted no. The victory set off howls of indignation in nearby Argentina, which fought a brief, disastrous war with Britain over the South Atlantic islands in 1982. On March 28, Argentine President Cristina Fernández de Kirchner tweeted, “An English territory more than 12,000 km away [from the U.K.]? The idea is not even worthy of a kindergarten of three-year-olds.”

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