The British Government is holding emergency talks with Argentina after the Argentine navy stole the Falkland Islands and moved it to within just 1 mile of the Argentine mainland.
The daring raid took place late last night under the cover of darkness and involved over 200 tugs and 2000 miles of rope.
Despite earlier reports no casualties were incurred on the Island though several buildings were damaged and crockery smashed as the earth literally moved.
One Islander reported that several snow globes, part of his vast collection, perished during the theft and one man claimed several pictures hanging on his bathroom wall fell crashing to the ground; but luckily no damage was done and he returned them to their original positions once the Island reached its new geographical location.
Crowds in Buenos Aires welcomed the news with many Argentines screaming like baboons, setting fire to Union Flags and eating candy floss.
Simply Red singer, Mick Hucknall, in Buenos Aires for a series of concerts, was pelted with soft fruit including dates and prunes as he returned to his hotel and has suspended his tour of South America.
It is understood that a flotilla consisting of over 300 tugs, crewed by Cockneys and Scousers is being readied as Britain prepares to steal back the Island and tow it back to its original position.
As yet no Argentine has set foot on the Island however it is understood that Argentina is now claiming full sovereignty of the Falkland's and that plans are afoot to construct a bridge linking the islands to the Argentinian mainland.