An Argentine Navy training vessel is seized in Ghana because Argentina isn't paying their bills? I wonder if foreign governments and private debters will seize our military hardware if we default on our loans?

http://www.ft.com/intl/cms/s/0/0ba31...#axzz2AeHkoTZZ

No liberty for Argentine ship Libertad

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Nearly three weeks since Argentina’s flagship navy training vessel was seized in Ghana at the behest of a US hedge fund, there is no liberty for the Libertad.

The imposing tall ship, its white sails furled and flags fluttering over its masts, has been stuck in Tema, Ghana’s biggest seaport, since October 2. Meanwhile, Argentina has mobilised diplomats, officials and lawyers to try to find a way out of an embarrassing impasse that could drag on past Christmas.
http://articles.economictimes.indiat...reign-ministry

Investors want $20 mn for Argentine navy training ship Libertad

ACCRA (Ghana): International investors put a $20 million price tag on an Argentine navy training ship on Thursday after a judge in Ghana ruled that the ARA Libertad cannot set sail until the South American country settles claims for unpaid debts.

The US creditors are demanding payment in full on Argentine bonds for which most investors accepted 30 cents on the dollar in 2005. Justice Richard Agyei-Frimpong had ordered the tall sailing ship held at Tema harbor days earlier after creditors cited judgments in the US and Britain approving the seizure of Argentine assets anywhere in the world. On Thursday, he said Argentina failed to persuade him to remove the injunction.