MercoPress. South Atlantic News Agency
Argentine bondholders file for 'me too' at Judge Griesa's court: claims reach 6.5bn
Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the country's from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported. Read full article
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Disclaimer & comment rulesTick tock.
Nov 09th, 2014 - 10:51 am - Link - Report abuse 0Tick tock.
Tick tock.
(Bet they haven't really got the $28 billion, or even the $6.5 billion 'necessary'. No wonder Kretina is feeling a little faint and in need of a lie down in a darkened private hospital room)
Tick tock.
Tick tock.
Tick tock.
(Anyone going to the march on Thursday?)
I can't imagine the Italians won't pile on. EOM Jan when there's no deal in site the “holdin” bondholders will accelerate. In 2Q2015 the IMF will put them on the road to expulsion.
Nov 09th, 2014 - 12:45 pm - Link - Report abuse 0By then BCRA will be bone dry and I think next year's grain crop will be a bust. Why bother planting when its unprofitable?
So fun to watch
so fun
“There can be no equitable basis for seeking to compel the Republic, whose reserves are approximately 28bn and must be used for critical macroeconomic purposes”
Nov 09th, 2014 - 01:40 pm - Link - Report abuse 0Like circa $3.5 billion on Saab Gripon fighters...
Distraction: rotting roadkill isn't going to negotiate in good faith with anyone. Ever.
Nov 09th, 2014 - 05:25 pm - Link - Report abuse 0They will forfeit their assets only when they have no choice. To think otherwise is ludicrous.
Ola Ilsen -
Nov 09th, 2014 - 05:49 pm - Link - Report abuse 0Oh, I think they have it.
It is just that it is held in private accounts that have been skimmed off or stolen outright from government funds, as Sr. Lanata has clearly shown.
Panama, Nevada, USA, the Seychelles, etc. Just follow the money and the shell corporations.
After all our predictions and the argie twats denying they were ever going to come true, here we are, on the cusp of The End Is Nigh.
Nov 09th, 2014 - 07:20 pm - Link - Report abuse 0https://www.youtube.com/watch?v=ko2JbYTNgDw
I just love the desolate wasteland in the background of this picture: so reminiscent of TDC now, one can only imagine what it will be like when January comes.
What about all the argie traitors going to BEG Griesa’s Little Helper to put them on the payout list. Just because they want their money back: cheeky beggars!
Money back, you want YOUR money back?
Ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, you know the rest. :o)
Ola BOTINHO -
Nov 09th, 2014 - 07:37 pm - Link - Report abuse 0I think you are correct, the truth is out there!
(Switzerland, or the Cayman Islands perhaps?)
:-)
Argentina Buying Gripens? Brits Say 'No Way'
Nov 09th, 2014 - 08:18 pm - Link - Report abuse 0http://www.defensenews.com/article/20141108/DEFREG05/311080014/Argentina-Buying-Gripens-Brits-Say-No-Way-?odyssey=nav|head
Argentina’s Defense Minister Agustin Rossi surprised just about everybody when he announced on Oct. 21 that his government intended to buy 24 Saab Gripen E fighters to re-equip his nation’s ancient Air Force.
But Rossi’s request appeared to ignore a likely insurmountable hurdle to the sale: Britain, its longtime foe, has a near veto on the export of the combat jet as a result of the substantial number of UK systems in the jet. More than 30 percent of the new version of the Gripen being developed by Saab is supplied by British industry
,,
British business secretary Vince Cable invoked the ban on the sale of all military and dual-use technology for use by Argentina in 2012
We are determined to ensure that no British-licensable exports or trade have the potential to be used by Argentina to impose an economic blockade on the Falkland Islanders
.
Well that should free up a bit of cash to help them meet their debt obligations.
Nov 09th, 2014 - 08:26 pm - Link - Report abuse 0:-)
Ola Ilsen -
Nov 10th, 2014 - 03:41 am - Link - Report abuse 0There could be others, but I don't think Switzerland is being used.
A few years ago there was a very public dressing down of Montoyo, the union leader and his holdings in Switzerland. There was a Swiss investigation, followed by a Swiss representative having to assure the Argentine government that they were not part of this investigation (somehow).
For that reason I think they would not be using Switzerland, or if they had been, such assets would have moved quietly but quickly.
Given the excellent staff and investigative resources available to them, I'm quite sure Mr. Singer, and Sr. Lanata would know.
Perhaps there is some old sawfish planes they could buy...lol
Nov 10th, 2014 - 08:44 pm - Link - Report abuse 0I know someone with a SOPWITH CAMEL to sell. LOL
Nov 10th, 2014 - 11:14 pm - Link - Report abuse 0These bankers are SOOOO dumb! No wonder they wreck the EUian and NortAmian economies every 8-10 years.
Nov 11th, 2014 - 01:35 am - Link - Report abuse 0They are doing nothing but PROVING Argentina's point! The point Argentina has made for 12 years, that if they accommodated the holdouts, then they would have to accommodate in the same terms ALL holders of debt! Which would make sovereign restructurings in the future untenable since for all intents and purposes the holders of the debt can get principal AND interest regardless of outcome. Then why would then capital markets charge higher interest rates for junk bonds if the risk of loss is de facto eliminated? You then destroy the precious capital markets for anyone under AAA rating.
Since the powers above the banks don't want this to happen, they are now all siding openly with Argentina. And at the end of the day, governments win over corporations, even banks.
““There can be no equitable basis for seeking to compel the Republic, whose reserves are approximately 28bn and must be used for critical macroeconomic purposes, to do the impossible by paying in full its holdout debt,” Boccuzzi said in the letter.”
Nov 11th, 2014 - 07:36 am - Link - Report abuse 0That is an interesting point.
However, the 'Holdouts' have said all along that they wanted to negotiate with Argentina.
Argentina have refused to pay, and refused to meet with Singer in NYC, repeatedly.
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