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-   -   UK Goverment asks Argentina for our cash back.. (https://www.pprune.org/military-aviation/482391-uk-goverment-asks-argentina-our-cash-back.html)

Milo Minderbinder 11th Apr 2012 23:04

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?

500N 11th Apr 2012 23:12

We should have sunk the lot, whether it was on the open seas
or in the habour and taught them a real lesson once and for all
about taking on the UK.

MAINJAFAD 11th Apr 2012 23:56

But we got a some good radars, guns and Helicopters off the Argies for free. :D:D:D 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.:ugh::ugh::ugh:

oggers 12th Apr 2012 07:11

Oh the irony.

Cows getting bigger 12th Apr 2012 07:43

I can't help wondering how the Agentinians will respectfully decline. :rolleyes:

Wander00 12th Apr 2012 07:44

I guess Osborne won't be holding his breath...or checking the Government bank statement looking for the credit coming in

TBM-Legend 12th Apr 2012 07:50

I guess the UK can take it as a bad debt tax deduction!

JFZ90 12th Apr 2012 07:51

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?

L J R 12th Apr 2012 10:55

Time to send in the debt collectors.....From Hereford and Poole..

Pontius Navigator 12th Apr 2012 11:53

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?

Seaking93 12th Apr 2012 12:22

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.

VX275 12th Apr 2012 12:32


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?
That's how I understand it.
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.

knowitall 12th Apr 2012 13:41

"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

Peter Carter 12th Apr 2012 14:43

Surely the Government can confirm Argentina's charitable status and then reclaim the tax..
Or perhaps it doesn't work like that.

Halton Brat 12th Apr 2012 14:44

Gutersloh mid-1980's; OC 18 Sqn's hack was one of the Argie Merc jeeps.

230 Sqn stole said vehicle & gave it a new 'Tiger Stripe' paint job.

OC 18's sense of humour well tested...........

HB

RetiredSHRigger 12th Apr 2012 16:29

Halton Brat,


It was also available for hire on the sqn.:ok:

Trim Stab 12th Apr 2012 16:50

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!

Marcantilan 12th Apr 2012 17:38

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!

Navy_Adversary 12th Apr 2012 17:53

Does Argentina have 45,000,000?, probably not, we'll have it in tins of Fray Bentos then.:ok:

B Fraser 12th Apr 2012 18:41

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.


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