{"id":17226,"date":"2012-10-07T09:38:53","date_gmt":"2012-10-07T14:38:53","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=17226"},"modified":"2012-10-07T09:38:53","modified_gmt":"2012-10-07T14:38:53","slug":"flagship-of-argentinian-navy-seized-for-unpaid-government-debt-in-ghana","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2012\/10\/07\/flagship-of-argentinian-navy-seized-for-unpaid-government-debt-in-ghana\/","title":{"rendered":"Flagship of Argentinian Navy seized for unpaid government debt in Ghana"},"content":{"rendered":"<p>If I were you, I&#8217;d avoid investing in any Argentinian business (or businesses which have significant operations in Argentina), as the government is doing everything it can to prevent the flight of capital. Some of the debt holders are getting <a href=\"http:\/\/www.dailymail.co.uk\/news\/article-2213444\/Billionaire-buccaneer-seizes-Argentinian-navys-flagship-countrys-unpaid-debts.html\" target=\"_blank\">quite creative<\/a> about finding ways to put pressure on Argentina to pay its debts:<\/p>\n<blockquote><p>If pirating didn&#8217;t work out, Capt. Jack Sparrow would perhaps have made a savvy hedge fund manager.<\/p>\n<p>A New York hedge fund boss is being dubbed a real pirate of the Caribbean after seizing the flagship of the Argentinian navy in an attempt to settle some of the country&#8217;s huge debt.<\/p>\n<p>Billionaire Paul Singer took control of the tall ship the <em>A.R.A. Libertad<\/em> with a court order in Ghana this week.<\/p>\n<p>The triple-mast frigate, which stopped in the African country as it trained naval cadets, is valued at $10 million and is the ceremonial flagship of the Argentine fleet.<\/p><\/blockquote>\n<p align=\"center\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/File:Q2ARALibertad.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2012\/10\/ARA-Libertad.jpg\" alt=\"\" title=\"ARA Libertad\" width=\"800\" height=\"600\" class=\"aligncenter size-full wp-image-17227\" srcset=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2012\/10\/ARA-Libertad.jpg 800w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2012\/10\/ARA-Libertad-150x112.jpg 150w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2012\/10\/ARA-Libertad-480x360.jpg 480w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/>Photo by Mart\u00edn Otero, 7 April, 2007<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If I were you, I&#8217;d avoid investing in any Argentinian business (or businesses which have significant operations in Argentina), as the government is doing everything it can to prevent the flight of capital. Some of the debt holders are getting quite creative about finding ways to put pressure on Argentina to pay its debts: If [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[362,465,84,5],"tags":[492,71,850,30,61,851],"class_list":["post-17226","post","type-post","status-publish","format-standard","hentry","category-africa","category-americas","category-government","category-military","tag-argentina","tag-debt","tag-ghana","tag-navy","tag-ships","tag-tallships"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-4tQ","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/17226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=17226"}],"version-history":[{"count":2,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/17226\/revisions"}],"predecessor-version":[{"id":17229,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/17226\/revisions\/17229"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=17226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=17226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=17226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}