UK Goverment asks Argentina for our cash back..
Thread Starter
Join Date: Jan 2012
Location: .
Posts: 2,176
UK Goverment asks Argentina for our cash back..
It seems that we loaned Argentina the cash to buy the Type 42s and their Lynx....
Just as well we didn't sink them along with the Belgrano
UK confirms it claims repayment of £ 45m loaned to Argentine Junta that invaded the Falklands — MercoPress
"A government spokesperson confirmed on Tuesday the UK claims repayment of a debt owed by the Argentine government. The £ 45 million (71 million dollars) were lent to the country’s (1976/1983) military Junta in 1979.
The money was reportedly used, in part, to buy weapons and equipment some of which were later used at the Malvinas war, “including two Lynx helicopters and two Type 42 warships,” as the newspaper Financial Times stated as it broke the story on Monday."
What £45million then worth now? Enough to buy another Type 45?
Just as well we didn't sink them along with the Belgrano
UK confirms it claims repayment of £ 45m loaned to Argentine Junta that invaded the Falklands — MercoPress
"A government spokesperson confirmed on Tuesday the UK claims repayment of a debt owed by the Argentine government. The £ 45 million (71 million dollars) were lent to the country’s (1976/1983) military Junta in 1979.
The money was reportedly used, in part, to buy weapons and equipment some of which were later used at the Malvinas war, “including two Lynx helicopters and two Type 42 warships,” as the newspaper Financial Times stated as it broke the story on Monday."
What £45million then worth now? Enough to buy another Type 45?
Join Date: Nov 2007
Location: Hertfordshire
Age: 54
Posts: 815
But we got a some good radars, guns and Helicopters off the Argies for free. 
Of course we then had problems getting support from the people who sold that kit to the Argies cause they hadn't been paid for what they sold either.
Of course we then had problems getting support from the people who sold that kit to the Argies cause they hadn't been paid for what they sold either.
I don't own this space under my name. I should have leased it while I still could
Join Date: Dec 2002
Location: Lincolnshire
Age: 77
Posts: 16,742
JFZ, so I believe and much other besides.
I just hope the Argies don't give us the kit back rather than the money.
And £45m? How much Operational bonus or HtD or CEA would that cover?
I just hope the Argies don't give us the kit back rather than the money.
And £45m? How much Operational bonus or HtD or CEA would that cover?
Join Date: Aug 2007
Location: Somerset
Age: 65
Posts: 85
Is it true that mercedes officially refused to support the 'acquired' merc g wagon (that is now in Cosford?) due to the fact it was not paid for?
I had a similar experience with one of the Mercs, when my local garage contacted Mercedes with the chassis number etc to get spares they were asked how they had obtained the vehicle, where was it, did they know that it had not been paid for etc. They did however supply the required spares and the vehicle was allocated a Q plate(vehicle of unknown origin) by the local DVLA office, who in fact were very helpful at the time and the vehicle was used for about 10 years on the road. In fact we ended up with 2 more liberated G-Wagons over the following years and all 3 are currently held in store for possible future use. Until we got the third example I had not realised that there were 2 versions, short and long wheel base, we realised it when we tried to load it on a trailer, but thats another story.
I had a similar experience with one of the Mercs, when my local garage contacted Mercedes with the chassis number etc to get spares they were asked how they had obtained the vehicle, where was it, did they know that it had not been paid for etc. They did however supply the required spares and the vehicle was allocated a Q plate(vehicle of unknown origin) by the local DVLA office, who in fact were very helpful at the time and the vehicle was used for about 10 years on the road. In fact we ended up with 2 more liberated G-Wagons over the following years and all 3 are currently held in store for possible future use. Until we got the third example I had not realised that there were 2 versions, short and long wheel base, we realised it when we tried to load it on a trailer, but thats another story.
Join Date: Oct 2009
Location: Old Hampshire
Age: 65
Posts: 593
Is it true that mercedes officially refused to support the 'acquired' merc g wagon (that is now in Cosford?) due to the fact it was not paid for?
Mercedes were also a bit miffed at the size of the next contract for vehicles that went to the usual Solihul based supplier of muddy wheels. Especially so when they were told that if they hadn't been so stubborn about the G Wagon spares (For all those we found on the islands not just the one now at Cosford) they would have got the contract for the new vehicles.
Join Date: Sep 2002
Location: Uk
Posts: 182
"Is it true that mercedes officially refused to support the 'acquired' merc g wagon"
they also attempted to sue Argentina for payment in the German courts only to to be told that foreign military sales on credit weren't legal in Germany thus the debt wasn't recoverable.
whoops
they also attempted to sue Argentina for payment in the German courts only to to be told that foreign military sales on credit weren't legal in Germany thus the debt wasn't recoverable.
whoops
Join Date: Feb 2010
Posts: 1,739
The UK Government should never have lent the Junta the money in the first place.
The Junta was never elected by the Argentine people, so expecting the Argentine people to now pay back the loan is wrong. The UK government should do credit checks before they start lending money to dictatorships!
The Junta was never elected by the Argentine people, so expecting the Argentine people to now pay back the loan is wrong. The UK government should do credit checks before they start lending money to dictatorships!
Join Date: Oct 2009
Location: Argentina
Age: 45
Posts: 82
Besides the war prizes, Argentina have made certain payments in advance of other Lynxs and other military hardware. The contract was halted and no money came back.
Also, some Rolls Royce engines for MB-339 were on overhaul in the UK and never returned.
Regards!
Also, some Rolls Royce engines for MB-339 were on overhaul in the UK and never returned.
Regards!
Tabs please !
Join Date: Jun 2004
Location: Biffins Bridge
Posts: 720
What's the compound interest on £45M since 1982 at Barclays base plus 1% added to the cost of removing them from The Falklands ?
Come to think of it, I wonder if our neighbours across La Manche were ever paid for their fireworks ? If not then it serves them right.
Come to think of it, I wonder if our neighbours across La Manche were ever paid for their fireworks ? If not then it serves them right.
