Thread: Argentina debt plan. Illegal?

Falklands MkII would unfortunately be my guess Bob.

Originally Posted by sheerluck

Falklands MkII would unfortunately be my guess Bob.

They would not dare, .....would they? Bob

The sooner that the Argentinias remove the present government the better

The vulture funds that corner Argentina also come for Spain

There's a lot of similarities between 1981/2 and now in terms of Argentina's financial woes, Bob. And now the Falklands have been proven to be richer in natural resources than previously thought...might be tempting for a broke government, and would perhaps fly under the radar with all the other current ills of the world.

Originally Posted by sheerluck

There's a lot of similarities between 1981/2 and now in terms of Argentina's financial woes, Bob. And now the Falklands have been proven to be richer in natural resources than previously thought...might be tempting for a broke government, and would perhaps fly under the radar with all the other current ills of the world.

That is all the World needs, right now. Bob

Dave, back then Argentina was under the dictatorship of a military junta which did not have any idea about economics and was so unpopular that they were looking for a way out.
They invaded The Malvinas and for Margaret that was not very popular in England the conflict worked in her favor.
It is different now, I do not think that the government will have the support (domestic and within other countries in the continent)to start a conflict.
Argentina does not need the wealth in the Malvinas , that it is a different issue for the Argentinias. The country it is immensely rich and if it was not because the corrupt governments it should be well into the top 20 world economies.

Bob when you think that one country can take another to court , over a debt . After all would you invest or loan to the Argies any money , those that did took a punt ,and got burned . I'm no fan of that country , or It's government , but then I don't have any sympathy for bankers . They are the greediest businesses of all .There seems to me to be something wrong when banks feel as tough they can hold whole nations to ransom ..Jim

There not always the banks, the banks sell the bonos to people like Paul Singer, the billionaire whose investment funds brought the suit and popularized the tactic of buying distressed sovereign debt on the cheap and litigating until collection.