Argentina President Rents Plane For International Trip To Avoid More Elliott Confiscations
January 8, 2013 - 1:42pm
In a somewhat surprising bid to avoid having even more Argentina assets impounded by the increasingly more belligerent hedge fund hordes, president Kirchner opted to squeeze the government's already dwindling coffers further and instead of using her official aircraft, she decided to pay British air charter Chapman Freeborn $880,000 for an airplane rental to take her to Cuba, the UAE, Indonesia and Vietnam. This happens even as Argentina is once again caught in a messy brawl with the UK over the Falklands. And while the nearly $1 million abuse of taxpayer funds will hardly pass unnoticed, we have no doubt that Argentina should be able to finance itself in the international markets efficiently should it choose to: just slap a high yield on the debt and pitch it to Elliott, already in possession of an Argentina boat, who may (or may not) gladly buy it. Stranger things have happened. From A...
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