As usual the Argentine people will suffer the most, victims of a “cheap nationalism” seduction inspired in the “Venezuela process”, says the latest edition of Veja, Brazil’s weekly magazine with the largest circulation, in an article dedicated to the seizure of YPF from Repsol.
Argentina once again warned oil companies considered by the Government to be “illegally operating” in the Falklands/Malvinas Islands, and reiterated it will press charges against them unless they justify their actions before next Wednesday, May 2.
European Commission Deputy Director General for Enterprise and Industry Daniel Calleja warned on Wednesday that Europe has lost its trust in Mercosur trade block after the government announced it would expropriate 51% of YPF shares, owned by Spanish oil company Repsol.
Three Argentine ministers denied as “false” that YPF, under control of Spain’s Repsol had invested more than 20 billion dollars in the company since 1999, arguing the fall in Argentine oil and gas production and reserves is clear evidence of that.
The Malvinas families’ commission regrets they have not been consulted on the Argentine government’s request for international help to identify the remains of the ‘unknown soldiers’ buried at the Argentine cemetery in the Falkland Islands.
Falkland Islands lawmaker Sharon Halford rejected the Argentine proposal of direct flights from Buenos Aires to the Islands saying that “they are not needed” and expressed surprise at the double standard of President Cristina Fernandez administration.
Argentine President Cristina Fernández vindicated her decision to expropriate YPF, assuring that her Government “remains convinced that all Argentines should be in control of the country’s natural resources.”
One of Argentina’s main textile and shoe wear companies, Alpargatas belonging to the powerful Brazilian Camargo Correa group has begun the process to abandon the Buenos Aires stock exchange.
Uruguay and Argentina agreed to exchange tax data in a deal that gives Argentine inspectors the power to dig up information on savers with bank accounts in the neighbouring country, officials said on Tuesday.
Spain’s energy corporation Repsol describes as ‘false’ Argentine government allegations that its affiliate YPF “had not invested sufficiently” in its hydrocarbons interests in Argentina.