German court rules against Argentina on bonds' interest payments

Wednesday, February 25th 2015 - 04:38 UTC

Full article 9 comments

Argentina lost a ruling at Germany’s top civil court over interest payments on bonds it sold to investors in the European country that don’t have terms that allow for restructuring by a majority vote of creditors, according to a report from Bloomberg at Karlsruhe. Read full article

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chronic
Dummies. You can't unilaterally modify the terms of a contract after the fact. rotting roadkill needs some hornbook.
Feb 25th, 2015 - 05:01 am - Link - Report abuse 0
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Conqueror
Yet another example of argieland's dishonesty. I feel sorry for these bondholders. Watching, as we do, the litigation in the US courts, the chances of argieland actually paying the 13 years of interest seem pretty remote. No doubt it will appeal and come out with some recently manufactured lies and/or some recently forged documents.

An interesting thought. What effect on the recent English judgment? Shouldn't courts be taking into account the judgments of other courts? Perhaps this German court was looking at a different aspect.
Feb 25th, 2015 - 10:13 am - Link - Report abuse 0
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chronic
Germany ruled on the law and the lack of a cac clause in the original bond offering. Sadly the Brits are trying to defend their status as a premier financial market. This doesn't bode well for them or their position as a defender of the rule of law.
Feb 25th, 2015 - 11:16 am - Link - Report abuse 0
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SebaSvtz
Well done, congrats to the plaintiffs.

As an Argentinian citizen I can only feel shame and embarrassment for this dishonest attitude form our government.

Now what, CFK? Germany is part of the evil conspiracy also ?

LIAR.
Feb 25th, 2015 - 11:59 am - Link - Report abuse 0
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Bisley
How is it that the Argentine government can continue to borrow, when it, evidently, hasn't paid anything on these bonds since 2001? I can't imagine anyone being stupid enough to loan money to this government -- better to buy Greek bonds, at least the ECB might bail them out, and give some of the money back.
Feb 25th, 2015 - 01:17 pm - Link - Report abuse 0
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Troy Tempest
Economist:

“ 2003-2013 Latin Americans were steadily rising out of poverty - now it's stopped”

http://www.economist.com/news/americas/21644239-latin-americas-social-progress-has-stopped-what-be-done-poverty-alert?fsrc=scn/fb/te/pe/ed/thepovertyalert
Feb 25th, 2015 - 05:31 pm - Link - Report abuse 0
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gordo1
SebaSvtz I admire your honesty and valour! The trolls perhaps will have a field day - you will be accused of being a “ cipayo”.
Feb 26th, 2015 - 07:33 am - Link - Report abuse 0
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SebaSvtz
@ 7

Thanks gordo1. It is impossible not to speak up your mind before the nonsense we are facing down here.
Feb 26th, 2015 - 10:56 am - Link - Report abuse 0
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Troy Tempest
4 Seb

Thank you for speaking out.

It's good to hear some real opinions speaking out from what is otherwise, “The Dark Country”
Feb 26th, 2015 - 02:27 pm - Link - Report abuse 0
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