Monday, April 23rd 2012 - 09:33 UTC

YPF seizure approved by 62% of Argentines, according to opinion poll

The recent decision by President Cristina Fernandez to seize a majority stake in YPF from Spain’s Repsol has the approval of 62% of Argentines, while 23% disagree according to a public opinion poll from Poliarquía published in the Sunday edition of La Nacion.

Buenos Aires Mayor Macri is against nationalization even when 49% of the city residents support it

The poll shows that 26% in the capital Buenos Aires and in different cities of the country are “very much in agreement” with the decision and 36% are in agreement.

The decision has soured long established relations between Argentina and Spain that has promised reprisals, and demands full compensation if the decision is not reviewed.

Another 23% said they were ‘in disagreement’ with nationalization, and 8% rejected point blank the decision.

Asked about the possible impacts on the Argentine economy, 49% said the decision was positive and 47% admitted to fears that it would affect negatively the image of Argentina overseas.

The poll also showed that 49% of residents from the capital Buenos Aires support the nationalization, even when the mayor of the city and the main opponent of Cristina Fernandez, Mauricio Macri rejected the seizure and warned that the lawmakers from his party would vote against the initiative in Congress.

In the rest of the country the decision had the support of 66% of interviews, where four out of ten said they were “very much in agreement”.

The poll included 1.115 phone interviews with over 18 years of age and in the forty main cities of Argentina.

Last Monday the government of Cristina Fernandez announced the seizure of a majority stake in YPF from Spain’s Repsol, arguing the company was not investing enough in Argentina.

Spain announced reprisals, the first of which was to cancel all bio-diesel imports, (of which Argentina is the leading exporter in the world) plus intense lobbying in multilateral organizations to freeze all loans and grants to Argentina.


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1 British_Kirchnerist (#) Apr 23rd, 2012 - 09:52 am Report abuse
The people most affected know whats best. Lets hope they all vote for Cristina at the next election =) 62% - thats as high as Peron got in 1973, I think the highest ever for a President =)
2 reality check (#) Apr 23rd, 2012 - 09:58 am Report abuse
47% said they feared it would negatively affect Argentinas image abroad. The other 53% said. “So what.”
3 Conqueror (#) Apr 23rd, 2012 - 10:45 am Report abuse
62% of argies think it's a positive “decision” when CFK farts. That's because 62% of argies ARE farts.
4 toooldtodieyoung (#) Apr 23rd, 2012 - 11:56 am Report abuse
KFC is ruining the country and 62% approve. This means that either:-

a/ 62% of Agentinians are brainwashed


b/ 62% of Agentinians are really, really that stupid.

I'll leave you to make up your own mind.
5 GeoffWard2 (#) Apr 23rd, 2012 - 12:15 pm Report abuse
It would seem that 62% of Argentinians are (politically) illiterate,

and that 23% understand the issues.
6 Simon68 (#) Apr 23rd, 2012 - 12:26 pm Report abuse
5 GeoffWard2 (#)
Apr 23rd, 2012 - 12:15 pm

Actually it's 31% who understand the issue, 23% “in disagreement” + 3% who reject it totally.

It is the thinking sector of Argentina rather than those that rely on the Kirchner administration for their livelihood like the malvinistas who come out of the woodwork here.
7 egarcia1970 (#) Apr 23rd, 2012 - 01:00 pm Report abuse
I'm glad to be part of that 8%.
8 Simon68 (#) Apr 23rd, 2012 - 01:02 pm Report abuse
7 egarcia1970 (#)
Apr 23rd, 2012 - 01:00 pm

Me too!!
9 Chicureo (#) Apr 23rd, 2012 - 01:17 pm Report abuse
Chile has a fairly honest populace (Yes we are not that trustworthy, but more so than Argentines.) If we were able to nationalize/filch a new oil discovery from some nasty arab oil company without any economic consequences, probably 62% of Chileans would also approve. However, it's doubtful they would even consider it however stealing from China, the USA, Japan, Canada, etc... as they are very important trading partners.
10 GeoffWard2 (#) Apr 23rd, 2012 - 02:20 pm Report abuse
You might like to peruse the Wall Street Journal article on the topic.
It pulls no punches.

It also shows that Repsol was strong-armed by the Kirchners all the way down the line, and that not only does the Argentinian government owe billions to Repsol - so does Petersen Group, headed by Argentine's banker and construction magnate Enrique Eskenazi, a long-time Kirchner ally.

According to published accounts in the Argentine press and in The Wall Street Journal, the Petersen acquisition of almost 25.5% of YPF was completed with almost no money down. Repsol agreed to finance the majority of the shares, and loans from banks financed the balance.
Repsol says that the Petersen Group still owes it $1.9 billion.

Repsol have been right royally stuffed by Argentina all down the line.
11 reality check (#) Apr 23rd, 2012 - 02:33 pm Report abuse
Interesting read. Should be made mandatory reading for anyone contemplating doing business with the Argentinians.
12 Idlehands (#) Apr 23rd, 2012 - 03:20 pm Report abuse
So the Peterson Group were pretty much given their shares for free while lumbering YPF with a policy of 90% dividend payments.

That WSJ article is compelling reading. It seems that economics in Argentina revolves around a statue of Mickey Mouse.
13 cLOHO (#) Apr 23rd, 2012 - 05:57 pm Report abuse

hey guys some more great news...its Gas gromit
14 Pirat-Hunter (#) Apr 23rd, 2012 - 06:00 pm Report abuse
#7 and #8 if you are not happy with what Argentina is doing to the oil industry maybe you'll like to move to Libya or iraq, if you are not happy in Argentina you are better off in UKistan because It must be sad to live in a country you hate with soo much passion.
15 reality check (#) Apr 23rd, 2012 - 07:18 pm Report abuse
I don't get the impression thay hate their country. On the contrary, they come across here and elsewhere, as having a deep care and concern for her.
16 Pirat-Hunter (#) Apr 23rd, 2012 - 09:06 pm Report abuse
#15 we don't hate Argentina ! we do hate Argentina's international servitude approach to policy and the fact that national interests for many years came in second behind the international community interests. Today I am proud to say I am part of that 62% because when YPF made money they invested in Mexicso and Brazil while letting the fields in Argentina fail to meet oil independence allowing speculators to drive up cost across the board on hidden costs from production to distribution. Dooms day is really coming to those calling for it, last doomsday populated the whole of america with the survivors. Not much can be done to tame the beast we might as well enjoy the little time we have on earth. Besides this is it there is no where to run, this is the place and time for people to take a stand.
17 ChrisR (#) Apr 23rd, 2012 - 09:12 pm Report abuse
Only 29 people in each of the '40 main cities of Argentina' were polled.

No change of a meaningfull result here.

It's about like the fabled 54% that was not. Only 36.2% of the eligibible vote actually voted for her - 63.8% DID NOT.
18 briton (#) Apr 23rd, 2012 - 09:51 pm Report abuse
Spain, we have a problem,
So what do you want us to do about it,
Action speaks louder than words,
Until then CFK will carry on as normal,
The world will talk tough,
And the Spanish military will ummmm just wait,
19 egarcia1970 (#) Apr 23rd, 2012 - 10:28 pm Report abuse
@14 I don't hate my country, blockhead. I LOVE it, that's precisely WHY I hate CFK and her court of abhorrent sycophants who are DESTROYING it! The Kirchners have been ruling us for a freakin' DECADE, for crissake! Only NOW they realized Repsol was underperforming? In 2010 CFK herself PRAISED the company!
20 briton (#) Apr 23rd, 2012 - 10:35 pm Report abuse
There is nothing wrong to be proud to be Argentinean, and anti CFK,
You guys live there, and know better than us what she is like,

21 Simon68 (#) Apr 24th, 2012 - 12:28 am Report abuse
14 Pirat-Hunter (#)
Apr 23rd, 2012 - 06:00 pm

I think that it is YOU who hate your country. All you do is vilify the Brits as though this was something wonderful. I'll tell you what you are full of CFK KK
not love of country.

You wouldn't know a patriot if you had the luck to meet one. All you malvinistas are are nationalistic scum.

Learn that from a patriot.
22 Pirat-Hunter (#) Apr 24th, 2012 - 01:16 am Report abuse
#19 if you didn't hate Argentina you wouldn't be here spewing trash about Argentina.
#21 I wouldn't come here professing any moral ground if I was a brit, their just support will render any argument futile, bias and self serving, but you're all welcome to try, that is what democracy and freedom is all about.
“Sunday, April 22nd 2012 - 23:42 UTC
Argentina February economic activity expands 5.2%, but surprises ahead for industry
Argentina's economy grew at an annual rate of 5.2% in February according to the country’s stats office Indec monthly economic activity report Emae, reflecting good performances in construction and manufacturing. But prospects for the industrial sector could have some surprises.
The Emae indicator rose 0.3% in seasonally adjusted terms from January, Indec added.”

Ahora España dice que no pedirá represalias si la indemnización por YPF es negociada
23 reality check (#) Apr 24th, 2012 - 11:45 am Report abuse
These figures are all well and good, if you can believe them. Frankly if you issue them and have a system in place that, criminalises the publication of independent figures. Then to my way of thinking, you have to question their validity.
24 British_Kirchnerist (#) Apr 24th, 2012 - 11:59 am Report abuse
#19 & 21 How is the wonderful Cristina “destroying” your country. There will always be haters and I'm glad you feel free to speak your mind, but most Argentines love my Queen for a reason, that she's restoring their dignity and fighting for their rights against the rich and powerful with amazing courage.

If you ever manage to get rid of her, which I doubt, let us know in Britain as we could use a brave radical leader ourselves to sort out the mess we're in; though we might understandably not be her first choice and we do at least have Mr Galloway...

But seriously you should realise how lucky your country is to have a leader like Cristina, eloquent, brave, beautiful and firmly on the side of the people. If every country had a leader like Cristina we'd have a better world
25 reality check (#) Apr 24th, 2012 - 01:00 pm Report abuse
I do not know what nationality you are, but at least you've grasped that great british institution of, “taking the piss.” If you are a Brit, nice one, keep it up, hours of entertainment. I love a good laugh.
26 ChrisR (#) Apr 24th, 2012 - 03:39 pm Report abuse
25 reality check

Scottie_Kirchner (as I call him) is an unreconstructed communist Scottish Old Labour 'British Patriot'.

He wants to stay in the Union, because he is not stupid - he knows that leaving would mean he loses his benefits and everything will go up in price, including his taxes to support Salmond.

His 'Queen' is not HM Queen Elizabeth II but the rubber doll with delusions of being the President of Argentina.

The way she is going she will soon be a rubber plant with delusions of life.

His type were chucked out of gainful imployment when Maggie came into power due to their belligerant attitude to business owners and sassenachs in general.

The sad thing is he does not 'take the piss': most times he actually means this drivel that he writes.

He will not go to Argentina to live though. Says it all really.
27 Guzz (#) Apr 24th, 2012 - 05:02 pm Report abuse
Exxon in Venezuela, Repsol in Argentina... For 600 years now Europe and USA have been profitting from cheap ressources from SA. Bloody about time it stopped!! You still think we are living a “financial crisis”? Face the new world order, no more cheap ressources from the 3rd world. Add the fact that world economy is moving to China and you have the explanaition of your “financial crisis”. And you call Arg thiefes???
28 cLOHO (#) Apr 24th, 2012 - 05:46 pm Report abuse
Who lived in the land that is now called Argentina 600 years ago??? did they have their resources stolen???? Hypocrite!! Argentina was a colony and actively stole (settled / displaced the NATIVE inhabitants. Argentinas demographics are a majority of european immigrants. So get off the moral high ground. And yes i think RG land is in financial crisis, the government controls the press and suppresses the facts on the junk status of the economy.
29 Guzz (#) Apr 24th, 2012 - 05:52 pm Report abuse
@28 It's not as if they stopped stealing natural resources 600 years ago, they merely started... Have your views and your opinion, but have it on your way home... Bye Bye :)
30 egarcia1970 (#) Apr 24th, 2012 - 11:27 pm Report abuse
@24: Obvious troll is obvious.

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