Mr. Bailey's 1st Block IR-GSI Class blog focused on the current events of the Americas
Monday, October 22, 2012
Argentina in diplomatic offensive at U.N. over seized ship
Speaking to reporters at the world body, Timerman said he used his U.N. meetings to make clear Argentina's opposition to Ghana's moves."We've said that, although we were going to exhaust all legal avenues within Ghana, we reserve the right to go to international courts because this is a violation of a convention signed by both Argentina and Ghana," Timerman said.Timerman expressed little sympathy for NML Capital or investment funds in general."We're not going to negotiate with vulture funds," he said. "We're going to keep on fighting and demand in the G20 the total and absolute elimination of the possibility for these vulture funds that work from tax havens to try to stamp on the sovereignty of countries like Argentina."NO MORE SWABBING DECKSMeanwhile, the ship's crew stranded in Ghana was getting ready to leave the country."We are preparing them and most of them will start leaving tomorrow, if they are able to complete their immigration processes," a government source told Reuters on condition of anonymity.He said most of the remainder of the crew would leave in batches throughout the week.Argentine President Cristina Fernandez on Saturday ordered 326 sailors on the detained ship to evacuate - leaving just the captain and a core crew - claiming their human rights were violated because a judge had prohibited fuel deliveries required to run plumbing and emergency equipment.Ghana said on Sunday the crew was free to depart and NML's lead lawyer, Ace Ankomah, said it would not stop them from leaving.The sailors appeared to be in good spirits on Monday as they worked the decks. Some returned from the city with suitcases and packing boxes, a Reuters witness at the port said.Since the ship's detention three weeks ago, the crew has often been seen jogging, playing soccer and shopping at local markets."Ghana is a nice country, the people are nice, but still, being here doing nothing is different from being home doing nothing," one of them, a man in his mid-20s, told Reuters during a visit to the port's duty-free shop.Argentina declared a massive sovereign default a decade ago at the height of an economic crisis and now faces a raft of lawsuits in U.S. courts by so-called holdout bondholders seeking Argentine assets to recoup the defaulted bonds.Ghana said it turned down demands by Argentina to release the boat because it wanted to comply with the law.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment