MercoPress. South Atlantic News Agency
Argentina denies as 'inexact' any embargo on embassy bank funds in Belgium
The Argentine government in a late release on Thursday strongly denied an 'inexact information' related to alleged embargos by speculative funds (or vulture funds) on bank accounts from the Argentine embassy and its staff, in Belgium, and said that the attempts to freeze 'embassy funds' are but a new extortion attempt and a clear procedure abuse which could be sanctioned by Belgian tribunals. Read full article
Comments
Disclaimer & comment rulesThe answer of course is blindingly obvious: PAY YOUR DEBTS!
May 08th, 2015 - 10:49 am - Link - Report abuse 0Its a way to further embarrass and pressure the corrupted K regime. So a couple of embassy staff miss a couple paycheck while the $ is frozen and tied up in court. Maybe they miss a few rent payments, maybe the electricity and phone gets shut off.
May 08th, 2015 - 11:18 am - Link - Report abuse 0To NML it just a game.
In the end NML will be paid everything they are owed included all the millions they've spent on legal fees.
Its just a matter of time.
@ 2 yankeeboy
May 08th, 2015 - 12:09 pm - Link - Report abuse 0Yes, it's great, isn't it?
Isn't it so obvious? KickedItOff in desperation. Meanwhile NML et al are probing every avenue. Sooner or later, one will succeed. Isn't it about time argieland obeyed the court of the jurisdiction it selected?
May 08th, 2015 - 12:16 pm - Link - Report abuse 0Paul Singer brings a bit of sunshine into the picture by continuing to harass and embarrass the crimininal CFK administration.
May 08th, 2015 - 12:34 pm - Link - Report abuse 0rotting roadkill:
May 08th, 2015 - 05:03 pm - Link - Report abuse 0Pay your debts.
...............................
“RG Trolls: Defending the indefensible with GUSTO since '45.”
5 Chicureo
May 08th, 2015 - 05:08 pm - Link - Report abuse 0No a single ray of sunshine to be seen my estimated Pinochet admirer.
This is just one more proof of the duplicity of the rapacious vulture funds, who in the absence of results resort to spread falsehoods.
For those who may not know, the vulture funds refused to accept a restructuring of the Argentine debt--as did creditors holding 92 per cent of the country's foreign debt--and insist in recovering 100 per cent of the face value of bonds they bought for pennies after the 2001 default.
Through the years, they failed in over 600 lawsuits around the world trying to seize Argentina property.
They only briefly succeeded in having a Ghana judge seizing the frigate Libertad, and then with friendly judge Thomas Griesa and the upper levels of NY tribunals through a particular interpretation of the pari passu clause to help Paul Singer and his friends.
Nice try.
@7 'For those who may not know, the vulture funds refused to accept a restructuring of the Argentine debt--as did creditors holding 92 per cent of the country's foreign debt--and insist in recovering 100 per cent of the face value of bonds they bought for pennies after the 2001 default. '....
May 08th, 2015 - 05:17 pm - Link - Report abuse 0You seem to think that the Hedge Funds are the villains for not accepting a 'take it or leave it' restructure offer. How much did the Argie Gov. offer the investors on their bonds, and how much did the hedge funds offer them?..... For those that may not know, the Arg Government stole 70% of the money invested in the bonds and refuse to honour their debts, there, that gives a little balance to your statement Enrikky.
Kiki Mashed Potato Head
May 08th, 2015 - 05:22 pm - Link - Report abuse 0You just cannot be so stupid as to believe your despicable government offered everybody a good deal by stealing their money.
So STOP with the posting of shit.
The Kirchnerite government are thieves. This is an undisputable fact.
May 08th, 2015 - 05:30 pm - Link - Report abuse 0Pay your debts!
(Do they still owe British Gas £millions for reneging on a deal? If they have now, paid someone please provide a link)
Enrique Massot is a filthy liar and a propagandist.
May 08th, 2015 - 07:58 pm - Link - Report abuse 0He is cringeworthy
Reminds me an awful lot of the Sistahs.
Argentina has never refused to pay its debts. The Kirchner government inherited a country in default, and as it is common in such situations, proposed avenues to restart paying back the defaulted debt in realistic conditions.
May 09th, 2015 - 03:41 am - Link - Report abuse 0Creditors representing 92 per cent of the foreign debt agreed on a 70 per cent haircut in 2005 and 2010. Since then, Argentina has paid principal plus interest in time.
The remaining creditors refused to enter the debt restructuring in hopes to recover 100 per cent of the bonds' face value. A small part of those creditors--Paul Singer of NML Capital and Aurelius Management have attempted to seize Argentine property across the world, losing over 600 lawsuits.
Singer's tactic of buying devalued bonds from countries in financial crisis and then suing for the bonds face value had previously worked against some of the most impoverished countries in the world.
“A willingness and ability to pursue litigation appears central to the strategy and success of the vulture funds,” notes the African Development Bank.
“In one recent case against Zambia, a vulture fund, having bought a debt for US$3 million, sued Zambia for US$55 million and was awarded US$ 15.5 million.”
Making the poor poorer and the rich richer is Paul Singer's mantra. Too bad this time it has chosen the wrong prey. Kicilloff should be president--if not in the coming election in the next.
http://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/african-legal-support-facility/vulture-funds-in-the-sovereign-debt-context/
“Earlier in the day from New York, allegedly NML Capital investment fund denounced that Argentina systematically rejects negotiations with holdout investors of their national defaulted debt, and threatened to attach assets from Argentina wherever they can find them.”
May 09th, 2015 - 05:31 am - Link - Report abuse 0'Argentina systematically rejects negotiations.......'
What! How can this be? Argentina would never reject negotiations on an international issue would it? Isn't this the same Argentina that is continually complaining and calling for the UK to negotiate over the 'Lost Malvinas'?
What about all the UN resolutions that, it claims, calls for negotiations- and yet here is Argentina refusing to negotiate on a real issue, the huge debt that it has defaulted on.
The double standards that it employs when dealing with its creditors compared with when it is trying to achieve its colonial ambitions are just another example of Argentine hypocrisy.
A worse example of Argentine hypocrisy is its attempt to hide behind the case of poor African countries when it could honour its debts but prefers to trouser the loot or blow it on Peronist vanity projects. If Argentina really is too poor to pay, the UN offers a relief programme for Heavily Indebted Poor Countries, and I'm sure it would be happy to help.
May 09th, 2015 - 08:41 am - Link - Report abuse 0The populist rulers of Latin America ought to bear one thing in mind, it’s that their heads too will one day fall, and their economic crimes will soon come back to bite them. Fidel and Raúl Castro are too old probably to suffer their eventual incarceration, but Nicolás Maduro, Evo Morales, Rafael Correa, Cristina Fernández de Kirchner, and her cronies will all one day be judged. (Mind you, I have not mentioned Brazil...)
May 09th, 2015 - 08:47 am - Link - Report abuse 012. Reekie is a ridiculous propagandist. Anyone else would be too embarrassed to write the crap he posts, well maybe Axel would, he's about as dumb as they come.
May 09th, 2015 - 10:33 am - Link - Report abuse 0Anyhoo, Arg lost Arg will pay. The next Prez will hopefully be a little smarter than Austral Elvis and the Hag. He'll probably care a bit more about bankrupting Argentinians by paying super high interest rates and terrible terms.
I kinda hope another K gets in.
I want to see them starve and fight over the last bag of beans.
I will laugh and laugh
Here's your future stupid Ks...here's your future...
http://blog.panampost.com/orlando-avendano/2015/05/08/looting-in-venezuela-reveals-chavismos-true-legacy/
Statism always, but always turns people into animals.
Since 1839 rotting roadkill has defaulted on its sovereign debt in eight (8) separate instances.
May 09th, 2015 - 04:21 pm - Link - Report abuse 0Keep hoping, vulture-friendly posters. Perhaps Paul Singer will look up at you for trying to help.
May 09th, 2015 - 08:56 pm - Link - Report abuse 0As for Argentina, Economy Minister Axel Kicilloff has reiterated (see follow-up story in Mercopress) that the country will not bend to the increasingly ineffective pressures of NML Capital and its friends.
The Belgium maneuver will make the vultures the laughing stock of the world` s finances. In the account the vultures tried to freeze, Argentina has 55,000 Euros. The vultures have spent a lot of money on lawyers going after Argentina assets around the world and launching over 600 unsuccessful lawsuits.
Having NY friend judge Thomas Griesa (and the upper justice all the way to the SC) giving them full support hasn`t helped either.
Argentina is on its feet and says no to foreign abusers.
Kicilloff for president.
18. You're so stupid you are about to take the crown from Axel.
May 09th, 2015 - 09:31 pm - Link - Report abuse 0You're nothing but a propagandist with a warped mind.
Obviously you've learned nothing by living in a civilized country the past 40 yrs.
Its sad someone so old is still so stupid.
I hope you dream of Falcons night after night.
Silly Kreature.
18# “The Belgium maneuver will make the vultures the laughing stock of the world` s finances.”
May 10th, 2015 - 02:03 am - Link - Report abuse 0That's not possible, Argentina already holds that dubious 'honour' and will continue to be a laughing stock until it gets real and starts behaving like an adult.
@18
May 10th, 2015 - 09:02 pm - Link - Report abuse 0Enrique please, do not waste one minute discussing anything with this little anti-Argentina neo nazi bandits .
The only things this people want is to see Argentina eating dirt. Every time any time!
No reasoning no logic, no evidents, just pure bad waves...
Time will come to them.
21. Very soon you'll be street fighting over the last bag of beans in BA.
May 10th, 2015 - 11:21 pm - Link - Report abuse 0Then I will smile all day.
BTW how many people got kidnapped today in Arg?
Anyone really know?
:)
21 psql
May 11th, 2015 - 11:53 pm - Link - Report abuse 0I know. But can't let these people go unchallenged. Push them with real arguments and they'll foam at their mouth. See #22!
22 YB
Keep dreaming, ignoramus gringo. Street fighting? Over beans? I eat beans here in Canada--in the meantime, my compatriotas are eating the best beef in the world, gringuito. I am just salivating in anticipation of the day I will be eating again a good asado de costilla con chorizos, chinchulines and morcillas. Beans?
Are you waiting for that to smile? OK, keep waiting--but sit down. Better yet, lay down. And stay there. You know well that Argentina will keep forging ahead without being distracted by little Chihuahua yapping doggies.
23. You have no idea what's going on in Argentina silly old fool.
May 12th, 2015 - 12:22 am - Link - Report abuse 0You've still never answered me, do you dream of Falcons all night? Pretty Pretty Falcons?
:)
24 YB
May 12th, 2015 - 12:58 am - Link - Report abuse 0Beans!!!!
You really did not learn much while in Argentina, did you?
Are you sure it wasn't another country?
Oh, and the Falcons, you can keep them--little toy ones--and play with them at “kidnapping the enemy,” putting people in the trunk, bringing them to the “little house,” applying the cattle prod to prisoners' genitalia all night long, before dreaming of going back home early morning, oh so proud of your deeds.
Did they burn off your little bits?
May 12th, 2015 - 01:16 am - Link - Report abuse 0No great loss there and better for the gene pool.
Pretty pretty Falcons flying all around.
Oh man! Beans! In the land of the best beef of the world!
May 12th, 2015 - 03:37 am - Link - Report abuse 0You made my day, yankee-bean-boy.
So that you know: Falcons are sad relics of a time gone, a time where apparently you are still living, frozen in time while humankind keeps progressing.
You are hopelessly out of touch, gringo boy.
27. Pretty pretty Falcons swooping down on vermin and eating them while living.
May 12th, 2015 - 09:35 am - Link - Report abuse 0Nature is glorious.
Bad Times in Buenos Aires. Lights going out soon. More riots coming.
May 13th, 2015 - 11:21 am - Link - Report abuse 0Outlook: Gloomy
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