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Argentina admits Libertad is the 29th asset impound case by ‘vulture’ funds

Friday, October 26th 2012 - 06:40 UTC
Full article 119 comments

Argentina finally admitted that the retaining of the training frigate ARA Libertad in Ghana is not an isolated case since the so called ‘vulture’ funds have managed to impound a total of 28 assets including the presidential aircraft Tango 01, bank accounts, property and even a satellite. Read full article

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  • Guzz

    Argentina admits.... this is common knowledge, nothing to admit....

    In Europe and USA, international law is (still) respected. No way the fregata goes to the vultures, especially not in Hague ;)

    So, I take it back, don't keep the fregata, Argentina takes it back ;)

    ... and the mouse beat the cat?

    Oct 26th, 2012 - 06:56 am - Link - Report abuse 0
  • Think

    Soooooo......
    The score is then:
    28 -0 to Argentina.....
    Waiting for Messi's 29-0
    :-))

    Oct 26th, 2012 - 07:06 am - Link - Report abuse 0
  • Xect

    Ah Guzz my favourite Argentine.

    It seems the 'vulture funds' are winning by successfully impounding various Argentine assets.

    I'm interested in the case of Tango 1, is it still impounded? And when did it happen.

    Argentina could just pay the money it owes and none of this would be necessary.

    Oct 26th, 2012 - 07:07 am - Link - Report abuse 0
  • Guzz

    3
    None of the assets that they seized are still impounded. The vultures have been living of air so far.

    I'm Uruguayan, win-draw for me, I can't loose ;)

    Oct 26th, 2012 - 07:10 am - Link - Report abuse 0
  • Troy Tempest

    So, what does “recovered” mean?

    They paid to get the items back???

    Oct 26th, 2012 - 07:12 am - Link - Report abuse 0
  • Guzz

    5
    It means a no-go for the vultures. Assests protected by international law.
    Means loads of moaning from you lot, and further explaination from our. It's ok, we'll explain you the laws you lot came up with, and while we are at it, we explain you what things means in english as well...

    Oct 26th, 2012 - 07:15 am - Link - Report abuse 0
  • Think

    (5) Troy Tempest

    No, the vulture Funds LOST in court.
    In all 28 previous cases.
    Inform yourself.

    (And they even had to pay the legal fees.)

    Oct 26th, 2012 - 07:16 am - Link - Report abuse 0
  • Xect

    Guzz my Argentine friend clearly this is more to disrupt Argentina than to keep any of the assets.

    The idea is to publicly shame and embarrass Argentina which its been very successful at. After all you can't imagine they want to keep junk like the Libertad because selling it would only results in pittance.

    I'm not sure I agree with the harassment but given Argentina is ignoring court orders and has refused to pay every time this is how they ratchet up pressure to get them to pay.

    Oct 26th, 2012 - 07:16 am - Link - Report abuse 0
  • KFC de Pollo

    If international law is so respected by the Argentines why don't they take the UK's offer to take the case of the south sandwich islands to the international courts?

    Oct 26th, 2012 - 07:18 am - Link - Report abuse 0
  • Troy Tempest

    Still got your boat...

    Oct 26th, 2012 - 07:18 am - Link - Report abuse 0
  • Teaboy2

    Oh so now they recognise the international courts!! - Perhaps the UK should invite them to take the Falklands issue to the international courts and see if Argentina recognise them. If they don't then they should be banned from all international courts.

    Oct 26th, 2012 - 08:50 am - Link - Report abuse 0
  • Huntsman Extraordinaire

    @3 Tango-1 was impounded in the USA but it became political and the US government decided to grant it immunity from any future attempts to impounding. However that didn't stop the rest of the world. Not long after they cancelled a trip to Germany because they caught wind that the Germans planned to impound the plane on it's arrival.

    I so hope that the Liber'tard' ends up getting auctioned off, unlike most other occasions Ghana have refused to let politics get involved (and quite rightly so!). Great Britain needs to do something to celebrate coming out of recession, I'd say buying a new floating target for our spanking new destroyers would be a fitting treat!

    Oct 26th, 2012 - 09:07 am - Link - Report abuse 0
  • JuanGabriel

    His speeches always make me think there is something missing in his brain, perhaps that is the undisclosed 30th asset that has never been reovered.

    Oct 26th, 2012 - 09:22 am - Link - Report abuse 0
  • ElaineB

    @13 LOL! I don't know how the bumbling fool keeps his job.

    Imagine having to dodge around the world being chased by the bailiffs? Does CFKC really want to keep humiliating the proud Argentine people? Just start paying. Make small but regular payments and stop behaving like a bunch of Chavs.

    Oct 26th, 2012 - 09:46 am - Link - Report abuse 0
  • Isolde

    @14 ElaineB,
    You can't call them Chavs,
    Chavs have their pride you know.

    Oct 26th, 2012 - 10:14 am - Link - Report abuse 0
  • Guzz

    As things are, the only humiliating action, as I see it, is paying the vulture funds.
    They speculated with their money buying bonds of a country going down the drain. Well, it went down the drain, and as any bad speculation, people lost money.
    The plan Brady was and still is the only thing the Argentines should be ashamed of signing.

    Oct 26th, 2012 - 10:22 am - Link - Report abuse 0
  • MaxAue

    LOL x 29

    But the worst thing is, that the Argies apparently find it an honorable act not to pay off it's debts. ... and here comes the new word I just learned the other day....criollas!

    Oct 26th, 2012 - 10:24 am - Link - Report abuse 0
  • Guzz

    17
    Criollas is feminine and plurale of the word criollo.
    Criollo can means 3 things. A person born in a country with parents from another country, a person that lives on the country-side (reference), or a dialect of spanish.

    What did you learn “the other day”?

    Oct 26th, 2012 - 10:30 am - Link - Report abuse 0
  • Acchiappaladri

    @14 @15
    That's right. Let's be fair. At least Chavez keeps paying his sovereign debt, precisely, on time.

    Reddite quae sunt Chavezis Chavezi et quae sunt Australis Kretinae Australi Kretinae

    Oct 26th, 2012 - 10:36 am - Link - Report abuse 0
  • Captain Poppy

    you mixed breeds are so proud of being deadbeats......no matter the outcome......argentina will allows have to look over her shoulder.

    Oct 26th, 2012 - 10:36 am - Link - Report abuse 0
  • Guzz

    20
    Mayhaps, but the vultures keep going hungry :)))

    Oct 26th, 2012 - 10:38 am - Link - Report abuse 0
  • Idlehands

    At what time does it become cheaper to simply pay the debt you owe than it is to have to plan any international activity around whether your assets will be seized?

    This won't go away. A country is not like a person. It never dies - no matter how hard its leaders try to make it.

    Oct 26th, 2012 - 10:40 am - Link - Report abuse 0
  • Guzz

    22
    This is where I agree with you, and that discussion, I take with the Argentinians...

    Oct 26th, 2012 - 10:46 am - Link - Report abuse 0
  • Welsh Wizard

    And so I query, why on earth did they go to the UN straight away when they know the appropriate forum? Little things like this make me wonder what the hell is going over there. I would be a little like me trying to sue my Polish builders but trying go through the foreign office rather than the courts and, for some reason, this really pi$$es me off. Someone, please just start using your head, engage your brain at somepoint before you start taking action...[throws down keyboard and stomps off in a huff]

    Oct 26th, 2012 - 11:09 am - Link - Report abuse 0
  • Conqueror

    @22 Let's see if I've got this straight. Over time, argies have had 29 assets seized, with a 30th on the way, and have managed to recover 28. So the debts still exist. And argieland can look forward to at least another 28 court orders. In the meantime, the port of Tema wants the Libertad moved. And the argies “will” object. But the vessel has no official documents. The court ordered them seized. So the vessel is in the custody of the court. The court can do what it thinks appropriate. In the port, the vessel is an obstruction. So let's say the port authorities start charging argieland for being an obstruction, loss of income and so forth. Perhaps the port could take the vessel as security against more argie debts.

    Oct 26th, 2012 - 11:49 am - Link - Report abuse 0
  • ElaineB

    I think a lot of the instant and misjudged actions are purely to placate The Harpy. She throws a pink fit and everyone scatters and scrambles to find an instant solution.

    I think this revelation tells us that NML are not going to give up.

    @15 Fair point. : )

    Oct 26th, 2012 - 11:53 am - Link - Report abuse 0
  • Idlehands

    24 Welsh Wizard

    It's the Argentine way. Scream and scream and scream to whoever will listen.

    The fact that the strategy has never worked in the past is not empirical evidence that it won't work one day - apparently

    Oct 26th, 2012 - 11:56 am - Link - Report abuse 0
  • yankeeboy

    From what I remember the holdouts were able to seize quite a few bank accounts in NYC over the past few years. So they have had some success...

    Oct 26th, 2012 - 11:56 am - Link - Report abuse 0
  • briton

    once you lie to your people,
    ya cant stop,
    what other secrets is CFK hiding from her people.

    American military on argentinian soil, right here,,right now.??

    Oct 26th, 2012 - 12:01 pm - Link - Report abuse 0
  • Idlehands

    I think “lying to your people” is an inherent part of any politicians day. The difference is they usually try to avoid telling lies that can be disproved by a 5 year old.

    Oct 26th, 2012 - 12:06 pm - Link - Report abuse 0
  • Acchiappaladri

    @24 Welsh Wizard
    about going through the appropriate courts ... THE ARGENTINE WAY !

    Actually, no surprise: just expect the most shameful and idiotic from the Ladroprogresista regime, wait for a little time and ... magic! ... it will happen!

    Latest news from ICSID:
    “Mr. Nicola Stock, President of TFA, states: “Argentina’s refusal to pay its arbitration costs reveals once again its failed strategy to impede the proceeding and deny the bondholders justice.
    Argentina’s latest ploy did not work: the proceedings move forward with the critical merits and damages phase as scheduled.”

    Argentina has failed to pay its one-half share of the latest arbitration costs in the ICSID proceeding, the World Bank Tribunal presiding over the case has ruled. Argentina refused to make its required payment – and failed to account for its repudiation of this basic obligation under the World Bank’s ICSID system. Argentina’s refusal to pay is the latest manifestation of its bad-faith efforts to obstruct and delay the case, as reflected in multiple Tribunal orders.
    ... etc. ”
    that is about a US$ 1.3 billion case ... PRINCIPAL amount of course. If World Bank arbitrators follow US and UK court, in one year time there will be another judgment ... just approx. US$ 2.5 billion to pay ;-) ... just peanuts for Argentina that keeps (RGs say) $ 45 billion in Switzerland ... so it will wire funds as required next day, won't it ??? LOL

    Oct 26th, 2012 - 12:14 pm - Link - Report abuse 0
  • Guzz

    Bla bla all you want, courts have proven you wrong on 28 occasions...

    Oct 26th, 2012 - 12:19 pm - Link - Report abuse 0
  • briton

    if you dislike the Americans so much, why have their militay on argentine soil.

    Oct 26th, 2012 - 12:19 pm - Link - Report abuse 0
  • yankeeboy

    U$45B in Switzerland my foot.
    If they have U$10B by now I would be shocked!
    They are bankrupt and robbing peter to pay paul has just about come to an end.
    Patacones or add zero to all the Peso bills
    hmm
    anyone remember the Austral?

    Oct 26th, 2012 - 12:21 pm - Link - Report abuse 0
  • Guzz

    33
    Zabalza once burned a US flag in Uruguayan TV. When they asked him why he burned a US flag, the answer was “because I didn't have two...”

    Oct 26th, 2012 - 12:26 pm - Link - Report abuse 0
  • briton

    can we see a list of these assets.

    Oct 26th, 2012 - 12:26 pm - Link - Report abuse 0
  • Guzz

    ask Chris, he's the man with the lists...

    Oct 26th, 2012 - 12:30 pm - Link - Report abuse 0
  • briton

    chrisR is not on this blog,

    we willcatch him later.

    Oct 26th, 2012 - 12:34 pm - Link - Report abuse 0
  • Idlehands

    How crazy is it to sign up to arbitration and then ignore the judgement if you lose!?!?

    NB The Hedge fund hasn't been “proved wrong on 28 occassions” - it just hasn't been able to find assets that are eligible for seizure. It can't decide that in advance - that is down to the courts. The courts have never said they aren't owed the money.

    Oct 26th, 2012 - 12:37 pm - Link - Report abuse 0
  • agent999

    Guzz
    briton asks a fair question.
    You are the one that has stated that courts have proven 28 cases have been wrong.

    Oct 26th, 2012 - 12:46 pm - Link - Report abuse 0
  • Think

    (24) Welsh Wizard

    You say:
    “And so I query, why on earth did they go to the UN straight away when they know the appropriate forum? …… It would be a little like me trying to sue my Polish builders but trying go through the foreign office rather than the courts…..”

    Let me put it this way…..:
    Imagine if your Polish builders were some real nasty dudes….
    Imagine if all Polish builders were as nasty as your own nasty Polish builders….
    Imagine if all those nasty Polish builders were determined to try to ruin your Country….
    Imagine if all those nasty Polish builders were determined to ruin many other poor Countries….
    Maybe you would then contact the Foreign Office……and the police…. and the courts….

    In short, matey……
    This is about more than a pretty ship…..
    This is about more than some food to some vultures….
    This is about World-Wide erradication campaign against Vulture Funds….
    Comprende?

    (28) yankiboy
    You say:
    ”From what I remember the holdouts were able to seize quite a few bank accounts in NYC over the past few years. So they have had some success...”

    I say:
    Any link to prove yet another of your ”convenient little lies” or do we have to take your Yanki word for it?

    Oct 26th, 2012 - 12:49 pm - Link - Report abuse 0
  • Welsh Wizard

    41 Think

    Yup, completely understand that point but it is still the wrong forum. I know it is, you know it is so why decide to be so village and then have to get told on the world stage that you obviously don't understand which forum is for what, that is my point. They just end up looking silly through lack of thought process. Each time someone is going to make an important decision such as this there should be someone sitting back just saying “firstly, engage brain.”

    Oct 26th, 2012 - 01:06 pm - Link - Report abuse 0
  • HansNiesund

    @41 Think

    > This is about World-Wide erradication campaign against Vulture Funds….

    You're a little behind the Brits in this noble crusade, Robin Hood. But I'm sure we can all believe that your leading the charge against your creditors is an expression of the purest altruism.

    Oct 26th, 2012 - 01:07 pm - Link - Report abuse 0
  • Hook

    This is why a country needs an army, and it's obvious Argentina doesn't have one. Nobody respects them.

    Oct 26th, 2012 - 01:12 pm - Link - Report abuse 0
  • ElaineB

    So, the Argentine government is trying hard to backtrack on CFKC's blabber-mouthing about giving up the ship. Her defeatist comment was not received well with the public.

    Then Timerman blabbed about 'guaranteeing the ship home by December'. Now that is being denied.

    And the government realised that evacuating the ship was a serious error looking like surrender. Puricelli (I have nothing to lose now) is calling it wrong.

    I think this has caused more trouble than the government cares to admit.

    Oct 26th, 2012 - 01:50 pm - Link - Report abuse 0
  • TipsyThink

    23

    You should visit to another web sités to meet Argentinians
    becoúse,there ís no any person from this country at Mercopress.!

    Might be,there are any persons who deem themself as Argentinians.

    Very normal that Sometimés,i deem myself Roger Fedérer too.!!!!

    I know French/Portúguese as foréign language but I don't say I am from
    France,New Calédonia,Tahiti,Nijer,,Brazil,Portugal.

    *-*-*-*-*-*-*-*-*-*-*

    25

    I ám waiting your Spanísh Mercopress vérsion.

    Oct 26th, 2012 - 01:54 pm - Link - Report abuse 0
  • Tompaine

    Elaineb -Vultures - birds which scavenge on carcasses of dead animals. Bain Capital and NML Capital now there's a pair to get behind. GM finds a 450 million dollar reason to invest in Argentina. Who's the butt in this forum that said Argentina doesn't have any friends in th USA. I guess you're wrong! Aren't you really paid propagandist for Paul Singer?

    Oct 26th, 2012 - 01:55 pm - Link - Report abuse 0
  • Idlehands

    http://rolfjkoch.blogspot.co.uk/2012/10/clarin-cristina-speaks-of-vulture-funds.html

    Clarin
    Cristina speaks of the vulture funds and admits that the State ceded immunity

    Thursday, October 18, 2012

    In what could mean a contrast with the legal strategy that the Argentine government is deploying in Ghana, President Cristina Kirchner admitted yesterday that the country resigned “immunity” of its public assets when it emitted debt under foreign jurisdiction, while clarifying that it had been the decision of previous governments.

    That affirmation came in an event with candidates for Buenos Aires province when she referred to the detention of the Frigate Libertad in the African country. “When one sees that some, very few, but powerful, incredibly, put themselves on the side of the vulture funds, but more than just being evil, there is irrationality and a profound lack of love for the country and one’s fellow man,” she said on the matter. “It’s important to understand loyalty in these days of vulture funds lurking over Argentina, as if the lawsuits were against Cristina or against Peronism. They are against Argentina, they are against 40 million Argentines,” she said.

    The President said in that case that Argentina had resigned immunity facing the attachments of national assets abroad, in reference to the debt emissions during the administration of Carlos Menem. This way she justified the problems that the Frigate Libertad is suffering.

    That statement hits against the brief that was filed by the Defense Ministry before the judge of the Superior Commercial Court, Richard Agyei-Frimpong, who was the one who detained the Frigate by request of the vulture fund NML, taken from U.S. courts. In that text, Minister Arturo Puricelli argued that the ship is a war ship that arrived in those waters by invitation of the Ghana government. The judge, however, found that despite it being a military ship, is also is covered by the resignation of immunity that the President po

    Oct 26th, 2012 - 01:58 pm - Link - Report abuse 0
  • Vectis

    Tinerman “We will recover the Frigate as we recovered all other Argentine assets, without negotiating,” so little point of the UK government sitting down with Argentina over the Falklands then.

    Oct 26th, 2012 - 02:04 pm - Link - Report abuse 0
  • Idlehands

    Another interesting quote from this link

    http://rolfjkoch.blogspot.co.uk/2012/10/clarin-cristina-speaks-of-vulture-funds.html

    “According to the source, the Court of Appeals is composed of three judges and could take a month to rule. Then, the case would go to the Supreme Court, where in general cases take at least two months. Meanwhile, Argentina will have to continue to bear the cost not only of the Frigate but also for the attorneys it has hired.

    According to calculations, to have the Frigate Libertad in the Port of Tema it costs US$49,000 per day, while a good attorney in Accra collects US$550 an hour. Argentina hired Lawrence Otoo.”

    Oct 26th, 2012 - 02:09 pm - Link - Report abuse 0
  • Think

    (42) Welsh Wizard
    Ascribe it as being one of the charming cultural differences between You and Us……

    (43) HansNiesund
    You say....:
    ”You're a little behind the Brits in this noble crusade… (against the Vulture Funds)”
    I say....:
    Is that why you British have concentrated all the Vulture Funds on the British Overseas Territory of the Cayman Islands ???
    So you can exterminate them in one blow ???
    Ohhhh… You brits are sooo noble and cunning !!!

    Oct 26th, 2012 - 02:42 pm - Link - Report abuse 0
  • Welsh Wizard

    @51 Think

    That's strange because my Agrentinean family are highly competent, organised and efficient which makes it all the stranger that the government are inept...

    Oct 26th, 2012 - 03:02 pm - Link - Report abuse 0
  • Hook

    52@ i've never seen an competent, organised Argentinian. You must be joking right?

    Oct 26th, 2012 - 03:10 pm - Link - Report abuse 0
  • Idlehands

    Another interesting link:

    http://www.nypost.com/p/news/business/swiss_miss_for_singer_in_argentina_gUE5JIS9GvFTwtEVBqOZ6I

    The reason Singer was unable to access the Argentine deposits in the Bank of International Settlements was because “The Swiss government said it had no authority over the BIS”

    If they don't then who does!?!?

    Oct 26th, 2012 - 03:12 pm - Link - Report abuse 0
  • Welsh Wizard

    @53

    No jokes I'm afraid, the Mrs’ mum is particularly impressive...

    Oct 26th, 2012 - 03:19 pm - Link - Report abuse 0
  • Captain Poppy

    #53 Hook, perhaps you only met peronist then. There are competent, organized Argentines, but they are typically persecuted by crustina kirchner and her flying monkey's

    Oct 26th, 2012 - 03:23 pm - Link - Report abuse 0
  • Mrlayback

    Does anyone know how they recovered all the other assets or is that just another cover up lie from HT ?

    Oct 26th, 2012 - 03:24 pm - Link - Report abuse 0
  • Idlehands

    57 Mrlayback

    They were just deemed ineligible assets to seize by the courts. The courts did not say the debt wasn't valid.

    Oct 26th, 2012 - 03:31 pm - Link - Report abuse 0
  • Brit Bob

    @3

    Argentina is known as a pariah state by international money lenders. Sad state of affairs all due to poor governance over many years and using 'the Great Malvinas Lie' to sidetrack the gullible public.

    Oct 26th, 2012 - 03:44 pm - Link - Report abuse 0
  • HansNiesund

    @51 Think

    I was thinking rather of the law passed in 2010 by the UK Parliament to ensure that “the poorest countries in the world can no longer be attacked by these reprehensible investment funds who grow fat from the misery of others.”

    http://news.bbc.co.uk/2/hi/programmes/newsnight/8610062.stm

    The law of course was intended to protect such desperate and vulnerable cases as Liberia and the DRC. I guess nobody ever expected that the proud Republic of Argentina would attempt to place itself at that level in order to justify welshing on its debts.

    Oct 26th, 2012 - 04:06 pm - Link - Report abuse 0
  • Idlehands

    Is that the case Think? Are you a poor country in need of charity?

    Oct 26th, 2012 - 04:27 pm - Link - Report abuse 0
  • Hook

    56@ because in Argentina people are lazy... for instance when it's raining it's perfectly acceptable to stay home and not to go to work. There's NO quality testing in the factory's, they sell broken items in stores..infrastructure is horrible, block houses practically fall every now and then. Look at that navy ship docked in RSA for example, it's made in Argentina, so it doesn't work.
    I could go on and on for ever.. That country will never be like USA for example, i've been there too. Nice country, nice people, open and positive.

    Oct 26th, 2012 - 04:36 pm - Link - Report abuse 0
  • Guzz

    62
    You went all the way to USA and returned? Why? What have we done to you for you to treat us like that? Threats of returning wasn't enough?

    Oct 26th, 2012 - 05:08 pm - Link - Report abuse 0
  • Pugol-H

    There must be some logic to the “vulture funds” keeping gunning for Argentina.

    After all they did not get their “funds” and survive in the bad debt business, by making losses.

    Oct 26th, 2012 - 05:12 pm - Link - Report abuse 0
  • Hook

    63@ treat who? You said you're from Uruguay, i never said a bad word of Uruguay.

    Oct 26th, 2012 - 05:20 pm - Link - Report abuse 0
  • Trunce

    @47
    “Elaineb -Vultures - birds which scavenge on carcasses of dead animals.”

    You describe Argentina as a ‘dead animal’ – your choice….

    You are recipient of foreign financial aid.

    http://en.mercopress.com/2012/03/01/european-mp-calls-for-end-to-argentine-aid-until-it-stops-threatening-falklands

    This is despite Argentina having over $52 billion in reserves

    http://en.mercopress.com/2012/03/01/european-mp-calls-for-end-to-argentine-aid-until-it-stops-threatening-falklands

    UK has provided over £8 billion in foreign aid – to increase to £12 billion – 2013.

    http://en.mercopress.com/2012/03/01/european-mp-calls-for-end-to-argentine-aid-until-it-stops-threatening-falklands

    To portray Argentina as a victim is inappropriate, in the extreme.

    Oct 26th, 2012 - 05:26 pm - Link - Report abuse 0
  • Captain Poppy

    Hook as an American, I am curious where in ARgentina have you been? I am the farthest thing of a supporter of asslips kirchner, but I think you generalize that argentines are a lazy bunch, just as American's are nice and open people. AMericans in the northeast are cold and unfriendly whereas in the south they are very friendly.
    While I am not here to blast my own country, but I can walk you around in my country and find the same things. Maybe it's the places you went to versus the places I went too......Ever been to Roxbury outside of Boston? Bedford Styvesant in NYC, my birth City? East Los Angeles? I am not sure what nationality you are, but I find the less travelled people are they tend to think the world is like their own world....their way is the best way.

    Oct 26th, 2012 - 05:31 pm - Link - Report abuse 0
  • yankeeboy

    CFK's horrible no good very bad month... hahhaha

    Argentina lost a bid to reverse lower-court rulings that may help creditors including Elliott Management Corp.’s NML Capital Fund collect on $1.4 billion in defaulted bonds.
    The U.S. Appeals Court in New York ruled today that Argentina, which defaulted on $80 billion in foreign debt in 2001, can’t discriminate against holders of the defaulted bonds in favor of holders of the country’s restructured sovereign debt. A three-judge panel upheld orders issued by U.S. District Judge Thomas Griesa in Manhattan.

    Oct 26th, 2012 - 05:58 pm - Link - Report abuse 0
  • TipsyThink

    Laugh !

    Oct 26th, 2012 - 06:25 pm - Link - Report abuse 0
  • Ayayay

    Hahahahaha :) funny title. Laughing with, not at! Love me the Arg ppl, the governance is comedy gold.

    Oct 26th, 2012 - 06:36 pm - Link - Report abuse 0
  • Captain Poppy

    Asslips cannot get enough aspirin, she's moved onto vicodin.

    Oct 26th, 2012 - 06:36 pm - Link - Report abuse 0
  • reality check

    “99 green bottles standing on the wall and if 1 green bottle should accidently fall, there'll be 98 green bottles standing on the wall.”

    Extract from NML theme tune.

    Oct 26th, 2012 - 06:39 pm - Link - Report abuse 0
  • Captain Poppy

    If she had a brain she would try talking to that group now after this legal finding.

    Oct 26th, 2012 - 06:44 pm - Link - Report abuse 0
  • agent999

    Argentina as a country borrowed money.

    There have been enough excuses:-
    its not our fault.
    it was the previous government.
    it was the military junta.
    it was the lenders fault for giving us the money in the first place they should have known we could not afford to repay it.

    At then end of the day Argentina as a country borrowed the money.

    Argentina managed to strike a very good deal in that they managed to get the majority of their creditors to accept a repayment of between 26-35% on the original debt.

    The fact that 6% of their creditors would not accept this deal is perfectly within in their rights to do so.

    Argentina, thanks to the majority of creditors accepting the debt restructuring, is now in a position to have a surplus of funds.

    Unfortunately for Argentina the fact that 6% of their creditors did not accept the refinancing deal does not mean that this debt has been written off.

    Oct 26th, 2012 - 07:00 pm - Link - Report abuse 0
  • Guzz

    74
    Plan Brady a “very good deal” for Argentina?
    Plan Brady was and is blackmail permitted by the law.

    Oct 26th, 2012 - 07:12 pm - Link - Report abuse 0
  • Hook

    Captain Poppy: “AMericans in the northeast are cold and unfriendly”

    actually i have only been there, NY-State and NY city, and the people were friendly.

    In Argentina i have been in BA, Mendoza, Cordoba, Tucuman, Salta etc..

    Oct 26th, 2012 - 07:27 pm - Link - Report abuse 0
  • Guzz

    Where have you been in Uruguay? ;))

    Oct 26th, 2012 - 07:34 pm - Link - Report abuse 0
  • Hook

    Carmelo, Colonia, Montevideo..

    Oct 26th, 2012 - 07:37 pm - Link - Report abuse 0
  • Guzz

    Then you know where La Quebrada is, no?

    Oct 26th, 2012 - 07:42 pm - Link - Report abuse 0
  • Hook

    unfortunetely haven't been there

    Oct 26th, 2012 - 07:49 pm - Link - Report abuse 0
  • Guzz

    So you ARE a tax evader, aren't you?
    Answer me this, Uruguayan, what is a “cante”, and why is it called so?

    Oct 26th, 2012 - 07:59 pm - Link - Report abuse 0
  • Hook

    i don't answer shit to person who calls me a tax evader, why the fuck you keep repeating that word? i've paid my taxes so GTFO!

    don't understand that not everybody is a tax evader like you people. In some countries people actually respect laws..

    Oct 26th, 2012 - 08:05 pm - Link - Report abuse 0
  • Guzz

    Hook
    You too are in Uruguay to spend sterlings/dollars. There's no more to it and there is a reason you can't vote. It's because nobody gives a damn what you think the government should do. The same reason you are here posting stupidities, and not in an Uruguayan site...

    Oct 26th, 2012 - 08:11 pm - Link - Report abuse 0
  • Hook

    83@ can you vote in Denmark? remember your place, you are there to spend pesos and achieve free education.

    Oct 26th, 2012 - 08:21 pm - Link - Report abuse 0
  • Guzz

    84
    That free part really kicks your bullocks, doesn't it ;)

    Oct 26th, 2012 - 08:29 pm - Link - Report abuse 0
  • toooldtodieyoung

    I am loving this!!! Can't some “sieze” Laughing boy Timerman?? Is he an Argentine asset. Judging by his speech he isn't. that's probably why no one has tried that yet LOL.

    But isn't he out of touch ( as usual ) didn't Ol' Turkey Nexk/ TMBOA / KFC say in a midweek speech that while she was president “Argentina would never be 'Blackmailed' by vulture funds” or something like that...... I guess Laughing Boy Timerman wasn't at that meeting or maybe no one told him about it.

    I love Argentine politics. No one know who's siad what to whom...... To a man, they are all a bunch of clowns.........

    Oct 26th, 2012 - 08:37 pm - Link - Report abuse 0
  • Captain Poppy

    Can anyone imagine a creditor trying to take a Chinese, American, Russian or UK naval ship? lol

    Oct 26th, 2012 - 09:03 pm - Link - Report abuse 0
  • Hook

    85@ yes, it's free because people like me pay TAXES you fucktard!

    now go back to your country to pay taxes, fucking tax evader!

    Oct 26th, 2012 - 09:51 pm - Link - Report abuse 0
  • Guzz

    88
    Hahaha!! I'm in Denmark as a Swede, dumbnut. I'm merely professing my rights as a Swedish citizen. Has nothing to do with your, evaded, taxes :)))

    Oct 26th, 2012 - 10:06 pm - Link - Report abuse 0
  • Pirate Love

    HAHAHAHAHaaaa 29!!! argentina needs to make a better offer behind closed doors, or its adios “Libertad”, piece of sh*t boat like that got to be worth what.... £5, £10 with cocaine cargo , i would borrow argentina the money but i heard they are not keen on repaying.

    How much of a price does argentina put on saving face?, this isnt about the boat no longer, the price has just gone up Argtards!

    Oct 26th, 2012 - 10:06 pm - Link - Report abuse 0
  • Hook

    89@ and now you are Swedish? last time you were Uruguayan.

    you are an argentinian cockroach liar...

    Oct 26th, 2012 - 10:39 pm - Link - Report abuse 0
  • Captain Poppy

    Guzz is a mixed breed mestizo chameleon that is embarrassed to be south america so he fled in shame to Europe.......can you blame him?

    Oct 27th, 2012 - 12:20 am - Link - Report abuse 0
  • Pirat-Hunter

    I propose the vulture tax for every import in Argentina, until all money is recovered, 50% for nations helping the vultures like Ghana and USA and 0% for the rest. It is that simple, why travel all across the world and waste time and money when we send the message from home.

    Oct 27th, 2012 - 12:25 am - Link - Report abuse 0
  • Troy Tempest

    @93 PH ALEX VARGAS

    “I propose the vulture tax for every import in Argentina, until all money is recovered,”

    Alex, do you not have any compassion for the people of Argentina??

    How is your father, Alex?
    Is he still in prison??

    Oct 27th, 2012 - 03:40 am - Link - Report abuse 0
  • Guzz

    91
    My passports say Uruguayan and Swedish, what you say is nothing I can use for anything...

    Oct 27th, 2012 - 06:20 am - Link - Report abuse 0
  • surfer

    Embarrassing

    Oct 27th, 2012 - 07:22 am - Link - Report abuse 0
  • Tinx

    95

    But ! i remember from ex articles where you couldn't passed the Scandinavian languages test.

    Oct 27th, 2012 - 08:59 am - Link - Report abuse 0
  • ElaineB

    @86. The government is in disarray over this. Gobby-mouth, CFKC, has been spouting nonsense and gave away Argentine property - the ship - without considering that she had no right to do that and that Argentines might be mightily pissed-off about it.

    Timerman ran off to tell 'Mama' (the UN) that people are being mean to Queen CFKC and was told he is a grown-up and go and deal with it. He then made a rash claim that the ship would be home by December. He is now furiously backtracking.

    Puricelli has been told to take the blame (by Timerman and The Harpy) but he isn't going without pointing the finger at them.

    If only one of them could engage their brain before speaking.

    Oct 27th, 2012 - 10:28 am - Link - Report abuse 0
  • Captain Poppy

    And the Argentine saga continues into they skid. They should televise a reality show.

    Oct 27th, 2012 - 01:54 pm - Link - Report abuse 0
  • briton the arse

    @29 briton aka Isolde
    callate Isolda!

    Oct 27th, 2012 - 06:51 pm - Link - Report abuse 0
  • Pirat-Hunter

    Argentina should bring Joseph Stiglitz ex-chief economist of the World Bank to testify on Argentina's behalf. I am sure he can make it all clear since when took part in the negotiations.
    http://m.guardian.co.uk/business/2001/apr/29/business.mbas?cat=business&type=article
    We love you CFK, keep up the good work and watch the headless snake turn the cold lifeless corpses once more.

    Oct 27th, 2012 - 07:45 pm - Link - Report abuse 0
  • Troy Tempest

    @100 Sussie the ARSE

    “ briton aka Isolde
    callate Isolda!”

    Isolde is not briton, Sussie

    @101 PH ALEX VARGAS

    How is your father, Alex?
    Is he still in prison?

    Oct 27th, 2012 - 08:14 pm - Link - Report abuse 0
  • Conqueror

    @32 Courts are OK if they find FOR you?
    @46 So you're pissed brainless? F*** OFF. PAEDOPHILE!
    @47 Vulture = CFK.
    @51 Why do you live in faggotland?
    @66 More faggot lies.
    @83 An argie tax crook hiding in Denmark. Anybody know him? Report the crook. Watch him arrested, deported, charged. Cleanse Denmark.
    @89 Note this. A crook. Must be arrested and interrogated.
    @93 F*** off, faggot. Looking for you. Count every day before you die!
    @95 Nowhere important then! Time for you to die. And the rest of your faggoty slime.
    @100 Shit on a broken brick. Still throating, sussie?
    @101 What's the matter, alex, the dirty, ignorant, unwashed, argie faggot? Can't remember? Can't think? Afraid that someone will find you? Are you shi**ing yourself? We can follow a sh** trail.

    Oct 28th, 2012 - 05:29 pm - Link - Report abuse 0
  • Pete Bog

    @93
    “I propose the vulture tax for every import in Argentina”

    Cool. So that being every, will include all spare parts and kit for your armed forces.

    That's going to go down well with the suppliers isn't it?

    Your bullying threats to the Falkland Islanders, already as effective as a force five fart, will be relegated to a grinnning smile of rotting teeeth and bad breath.

    Oct 28th, 2012 - 06:46 pm - Link - Report abuse 0
  • Captain Poppy

    #101 puddle pirate.....testify where?......the the trial is over

    Oct 28th, 2012 - 07:32 pm - Link - Report abuse 0
  • briton the arse

    @103 / 105 ,,,,,,,,Conqueror aka Captain Poppy
    You are fired!,,,,,,, :)
    lol

    Oct 28th, 2012 - 08:32 pm - Link - Report abuse 0
  • stephen barrett

    Vulture funds seized an argentine satellite? Can't old KFC get a new dish from sky? Or is her account in arrears?

    Oct 28th, 2012 - 09:02 pm - Link - Report abuse 0
  • Captain Poppy

    Great asshole suzzie. I work for myself. Each time you tell me how I am Conqueror, you re-enforce just how stupid you are.

    They tried to seize the satellitte, but it is co owned with NASA

    Oct 28th, 2012 - 09:17 pm - Link - Report abuse 0
  • Troy Tempest

    @106 Sussie

    Petaludo !!!!

    LOL LOL LOL !!

    Oct 28th, 2012 - 09:36 pm - Link - Report abuse 0
  • We got your Fragata

    There is a lot of “chatter” around Buenos Aires these days about what is going to happen with the world-wide protest against Kretina's failure of the Argie government by the citizens. The US and other embassys are on alert as there have been threats of violence made and even worse what will happen on the 7th of December when Kretina tries to expropriate the Clarin group. It's downright scary here and we soon will see some very horrible things.

    Oct 29th, 2012 - 03:54 am - Link - Report abuse 0
  • Troy Tempest

    @110 Gotcha

    “ It's downright scary here and we soon will see some very horrible things.”

    Serious question:
    Who do you think will do the rioting?

    What do you expect to happen?

    Who is likely to be scared ??

    Oct 29th, 2012 - 05:16 am - Link - Report abuse 0
  • Trunce

    And Argentinas fan base keeps growing.

    http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=254534

    Oct 29th, 2012 - 10:59 am - Link - Report abuse 0
  • agent999

    @112
    Good well written article!

    Oct 29th, 2012 - 11:10 am - Link - Report abuse 0
  • Troy Tempest

    @112 Trunce

    Thanks for posting that article.

    Well written and illuminating from the Ghanian perspective.

    Oct 29th, 2012 - 03:30 pm - Link - Report abuse 0
  • British_Kirchnerist

    #1&2 I know, this is unabashed good news for Argentina, presented to make it look like a disastrous climedown!

    #86 I can't see the contradiction between not being blackmailed and winning in court!

    #112 Africans for vulture funds, sure that campaign will fly!

    Oct 29th, 2012 - 08:22 pm - Link - Report abuse 0
  • ProRG_American

    It will wind up just like all of the other embargoes, in the circular file.

    Oct 29th, 2012 - 11:33 pm - Link - Report abuse 0
  • Captain Poppy

    We shall see.

    Oct 30th, 2012 - 12:10 am - Link - Report abuse 0
  • Pete Bog

    @116
    As Argentina believes by playing by its pompus rules of not paying debts, reneging on agreements, that it will progress in its fairy tale puffy white cloud world.That is to say, it's government.

    Argentina's people deserve better than this.

    Oct 30th, 2012 - 12:27 am - Link - Report abuse 0
  • Captain Poppy

    The problem Pete is that they have such a small working population and a large population in poverty. Obvious from the statement that you are not poor if you can eat off, geez I forget, 6 pesos a day? Rather than trying to move their people from poverty to work and self support, they seek to provide handouts, keeping the people dependant and keep themselves in power.
    They will never get out of the mess with kirchners and populist politicians, they need real leaders........But then again, don't we all.

    Oct 30th, 2012 - 11:17 am - Link - Report abuse 0

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