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Macri pledges “no repeat of the 2012 situation” to Navy's training vessel 'Libertad'

Wednesday, April 20th 2016 - 07:10 UTC
Full article 14 comments

“You can set sail peacefully, because there will be no repeat of the 2012 situation”, president Mauricio Macri told officers, crew and cadets of the Navy's training tall ship Libertad that is ready to set off for the annual tour. Macri was referring to the incident in Ghana when the vessel was seized on an injunction request from one of the holdout funds litigating Argentina over defaulted bonds. Read full article


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  • Eilean Siar

    What happened to the abandoned yacht, La Sanmartiniana. Was it reclaimed?

    Apr 20th, 2016 - 07:59 am - Link - Report abuse 0
  • Rufus

    Fair enough, and the other advantage that Libertad has is that the main propulsion can't break and leave it stranded in a foreign port for a couple of months because the maintenance contractors are demanding cash up front (and their previous bills being paid).

    Apr 20th, 2016 - 09:28 am - Link - Report abuse 0
  • ChrisR

    @ 2 Rufus

    Ever heard of the lee shore problem?

    Apr 20th, 2016 - 10:16 am - Link - Report abuse 0
  • Rufus

    True, but I'd imagine that it's not beyond the wit of even the least competent captain to arrange a tow far enough from the leeward shore to maneuver to go if not the exact direction they wanted to then at least away from the rocks.

    And even if there is an insufficiency of wit on the part of the captain then I'd imagine the harbourmaster in question wouldn't let them out without a tug on standby (just think of how much bad PR there'd be, let alone how much paperwork if they did and the sailboat did finish up on the rocks)

    Apr 20th, 2016 - 11:33 am - Link - Report abuse 0
  • Marti Llazo

    No, the Libertad was not “seized” as this article and many others have mis-reported.

    Apr 20th, 2016 - 12:29 pm - Link - Report abuse 0
  • ChrisR

    @ 5 Marti Llazo

    So what do you call being 'restrained' by order of a Ghanaian High Court Judge and being unable to leave despite waving machine guns about?

    Apr 20th, 2016 - 04:27 pm - Link - Report abuse 0
  • Marti Llazo

    Technically that would be an “arrest” but the vessel itself never left Argie control and occupation, and was never seized. Rather like closing the parking-lot with one vehicle and its driver still inside. That's not a seizure.

    Apr 20th, 2016 - 05:48 pm - Link - Report abuse 0
  • Briton

    “In every port you dock you will be representing Argentina ,
    The Libertad frigate will show the world we are serious abt our modern and future navy,

    Argentina should build at least 30 to 40 of these ships,
    each with full cannon,

    by Christ they will scare those feeble western navies.
    so they say..

    Apr 20th, 2016 - 07:09 pm - Link - Report abuse 0
  • Captain Poppy

    The US Navy still has commissioned the USS Constitution, aka “Old Iron Sides” in Charlestown, a few blocks up from the USCG wharf. She's been on the water since 1797. Most “real” sailors can trim a sail, otherwise they are merely seaman.
    just saying

    Apr 20th, 2016 - 07:54 pm - Link - Report abuse 0
  • chronic

    It was refitted in my front yard in '88 & '89.

    Apr 20th, 2016 - 09:17 pm - Link - Report abuse 0
  • Briton

    We still have HMS Victory if they ever make it to Portsmouth.

    Apr 21st, 2016 - 07:07 pm - Link - Report abuse 0
  • yankeeboy

    How long until the next default?

    All arg assets will be fair game.

    The economy is crashing.

    Soy price is down.

    BCRA is out of cash to pay for imports.

    Hyperinflation AND stagflation.

    Good gosh these rgs are dumb.

    They should have listened when I told them to buy sugar.

    They'll be fighting over the last bag of beans any day now.
    I can't wait.

    Tick tock.

    Apr 22nd, 2016 - 11:13 am - Link - Report abuse 0
  • Marti Llazo

    @12 “Soy price is down.”

    Actually no. Soy is up.

    “Soybeans Close Higher as Excessive Rain in Argentina Threatens Crops; Corn Plunges”

    Apr 22nd, 2016 - 01:57 pm - Link - Report abuse 0
  • Lucifer

    Argentina is in much better shape that it was but they still don't have much to offer the world in trade. They need to bring down the wages, get rid of the high taxes and crazy business killing regulations.
    Until then they're still going to be a basket case teetering on the edge of default one month to the next.

    Apr 24th, 2016 - 12:51 pm - Link - Report abuse 0

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