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Spanish King rings Cristina Fernandez to cool YPF taking over campaign

Thursday, March 8th 2012 - 06:42 UTC
Full article 44 comments

Spain’s Foreign Secretary Manuel Garcia Margallo admitted there is great concern in Madrid over the situation of Repsol-YPF in Argentina, which is questioning the oil corporation for not having invested sufficiently or paid sufficient taxes, and revealed that King Juan Carlos has been on the phone with President Cristina Fernandez. Read full article

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  • Frank

    That's a smile???

    Mar 08th, 2012 - 09:24 am - Link - Report abuse 0
  • The Falklands are British

    ...and meanwhile KFC focuses on the Falklands. Chuckle chuckle.

    This lady knows she won't be around much longer.

    Mar 08th, 2012 - 09:28 am - Link - Report abuse 0
  • GeoffWard2

    At which international court will Argentina be indicted?

    Mar 08th, 2012 - 09:33 am - Link - Report abuse 0
  • GreekYoghurt

    Spain King: “Hi there, we're morally and economically bankrupt.”
    Argentina Queen: “Welcome to the club.”

    Mar 08th, 2012 - 09:39 am - Link - Report abuse 0
  • geo

    Spain King : “ hi there,we're morally and economically bankrupt””

    Argentine President ( not Queen-- for all i know America continent has no any Kingdoms ) : “” get out to the club of EU (Erasmus Union) who has
    Greece,Britain,France,Swiss,Holland......”

    Mar 08th, 2012 - 10:39 am - Link - Report abuse 0
  • GreekYoghurt

    @5 I think it's more likely that Spain would be kicked out, because of their inability to stick the the Euro's fiscal policies.

    ... and Switzerland isn't in the EU.

    Mar 08th, 2012 - 10:50 am - Link - Report abuse 0
  • geo

    ** 6 Greek

    Swiss..??
    i said Erasmus Union not European Union....

    ------

    i saw Athens in two times in the near past years...
    i saw the Greeks want to live Germans but by not producing anythings..
    i saw almost everybody hate from EU regulations...
    i saw many jobs/bazaars invaded by Albanian entrepreneurs/workers...

    in technically the Greece Economy can not solved/fixed with these present attempts....

    Mar 08th, 2012 - 11:15 am - Link - Report abuse 0
  • lsolde

    geo,
    Canada is in the American continent.
    Canada has a Queen.

    Mar 08th, 2012 - 12:33 pm - Link - Report abuse 0
  • ChrisR

    “But in spite of the good words from the King and the Foreign Affairs Secretary “the climate is quite sombre and nobody wants a serious conflict with Cristina Fernandez”, according to oil industry sources”

    When asked why that was the spokesperson said “she is a fcuking mad bitch and we don't know what she will do next - because she doesn't know herself.”

    Mar 08th, 2012 - 01:46 pm - Link - Report abuse 0
  • GreekYoghurt

    @9 I think it's more to do with the fact that YPF-Repsol is bringing in about 50% of their GDP, and selling booze to sky-tv-watching british plebs in Magaluf is bringing in the other 50%.

    What would be hilarious is if all the plebs went to Greece instead, saved the Greek economy and then Argentina-loving Spain was left with no tourists.

    That would make me laugh.

    Mar 08th, 2012 - 01:53 pm - Link - Report abuse 0
  • DanyBerger

    Oh! poor Britain is just falling into a new recession.
    It is not so sad?
    http://www.telegraph.co.uk/finance/recession/9062667/Businesses-cut-investment-amid-gloomy-outlook.html

    Mar 08th, 2012 - 02:26 pm - Link - Report abuse 0
  • geo

    ** 8 Isol

    where the Queen of Canada lives ...?

    Mar 08th, 2012 - 02:43 pm - Link - Report abuse 0
  • The Cestrian

    @11

    What you wouldnt give to have a free press like ours eh?

    Imagine printing a story like that in your Argentine press - off with their heads? (chortle, chortle)

    Mar 08th, 2012 - 02:44 pm - Link - Report abuse 0
  • GreekYoghurt

    @12 at Balmoral, Scotland?

    Mar 08th, 2012 - 02:47 pm - Link - Report abuse 0
  • xbarilox

    @ 11 Very Argentine name “Dany Berger”. Please, tell Cristina to stop killing people that use our trains to go to work, that's not a nice way to end unemployment, don't ya think, peronista? roflmao

    Mar 08th, 2012 - 03:48 pm - Link - Report abuse 0
  • geo

    ** 14 Greek

    the English have self-confidence problem especially on these subjects
    however,they have charming places West Canada+Australia+N.Zealand
    but insist on Royalty with an obstinacy....the solution is very simple that by converting to the republic easily..and after it will be very easy to locate few family dynasty to control/manage the system like almost all other countries do (try)....but i propose to English a similair China model.which could have rigid monopolist ruling structure + free economy already they have....

    Mar 08th, 2012 - 03:48 pm - Link - Report abuse 0
  • xbarilox

    @ geo, monopolist ruling struceture + free economy? China? Are you sure? Have you ever been to Tibet?

    Mar 08th, 2012 - 03:51 pm - Link - Report abuse 0
  • geo

    **17 xbox

    i saw merely Hong Kong not any other parts of China....
    Tibet/Uyghur/Zhuang......

    Almost all countries have their Domestic Ethnical Regional Problems ..

    there are expected some country fragmentations in the near future...

    The Economic Systems don't understands/like all type of political models...

    the China Model have some more advantages other ones have.....
    who can take necessary decisions quickly/planned/strategical...
    this is very appropriately with my style...

    Mar 08th, 2012 - 04:08 pm - Link - Report abuse 0
  • xbarilox

    @ 18 sometimes your ideas are really scary.

    Mar 08th, 2012 - 04:10 pm - Link - Report abuse 0
  • Cruzansailor

    #1 That smile is the famous Argentinean Turkey necked Vulture who has completely lost her mind!

    Mar 08th, 2012 - 04:12 pm - Link - Report abuse 0
  • GreekYoghurt

    I'm still trying to find out why British people have a self confidence issue on the topics of Australia, New Zealand and West Canada?

    Mar 08th, 2012 - 04:28 pm - Link - Report abuse 0
  • Furry-Fat-Feck

    I think he got distracted half way thought that passage.

    Mar 08th, 2012 - 05:04 pm - Link - Report abuse 0
  • xbarilox

    @ 22 lost in translation.

    Mar 08th, 2012 - 06:23 pm - Link - Report abuse 0
  • Tigre2000

    The Argentine Government should buy YPF out competly,
    Argentine resources for the interests of the Argentine people period!

    Mar 08th, 2012 - 06:50 pm - Link - Report abuse 0
  • BenC30

    @11. Many countries around the world are falling into recession. The Argentinian Reich, with it's money laundering, bank raiding, corporation stealing, banana-republic-led, inflation-crazy, plastic leader is far worse off.

    Please remember this article is about King Carlos and Cristina. If you keep changing the subject, it makes you look fairly silly as it appears you get distracted easily. It's a bit like when Crisitina distracted you from the real problems inside Argentina by bringing up 'Argentinian Issues with the Falkland Islands'.

    Don't tell me, if someone waves something shiny in front of your face you will be distracted by that? Though if you want to see something shiny, try invading the Falklands again, and I'm sure Her Majesty's Armed Forces will show you some bayonets!

    Mar 08th, 2012 - 06:53 pm - Link - Report abuse 0
  • Pugol-H

    @geo

    You definitely need to worry more about yourself, and less about what the English should, or should not do.

    We will be fine, thank you for your concern, you on the other hand sound like you need help!

    Mar 08th, 2012 - 06:56 pm - Link - Report abuse 0
  • Tigre2000

    Your obviously a narrow minded english man, England is notorious
    for scandals involving the media, including corruption not to mention
    Brittains high level of debt and internal social discord as for Bannana republic
    well pretty good considering Argentinas's economic growth rate at 9% along with
    a robust export market and a strong manufacturing sector than again what would you know your english after all?

    Mar 08th, 2012 - 07:00 pm - Link - Report abuse 0
  • xbarilox

    @ 24 Yes, to destroy it. Argentine resources for the greedy Cristina and friends, that's it :)

    Mar 08th, 2012 - 07:02 pm - Link - Report abuse 0
  • Frank

    @24 Tigre2000 (#)
    'The Argentine Government should buy YPF out competly,'

    A very good idea but they are more likely just to steal it... stealing stuff is one of the few things RGs are good at...

    Mar 08th, 2012 - 07:21 pm - Link - Report abuse 0
  • BenC30

    @29. Very true. If I was YPF and I knew a banana-republic was about to steal my corporation, I would call it quits, exit from Argentina after destroying all assets that would be of any use to the Argentinian government.

    Mar 08th, 2012 - 07:25 pm - Link - Report abuse 0
  • Brit Bob

    Argentina is in conflict with everyone, doesn't know how to negotiate or stick to agreements. Who in their right mind would want to do business there?

    Mar 08th, 2012 - 08:12 pm - Link - Report abuse 0
  • briton

    the betting shop is open,
    the prises are loaded, who will take odds, that after he has gone, or abt,,,
    the words, we that him/them/spain/ anyone/ for their support over the falklands,
    who will gamble.
    1/12 on falklands are mentioned,
    33-1 bar .

    Mar 08th, 2012 - 08:17 pm - Link - Report abuse 0
  • lsolde

    @12 geo,
    What does it matter where she lives.
    We have many Argentines on this blog who don't live in Argentina.

    Mar 08th, 2012 - 09:18 pm - Link - Report abuse 0
  • Furry-Fat-Feck

    @ 23. Good point, well made.

    Mar 08th, 2012 - 09:34 pm - Link - Report abuse 0
  • yankeeboy

    CFK asked for 1/2 of the BCRA reserves to use to pay bills! WOW what are they going to do when they're all gone and the peso is in free fall?

    Mar 08th, 2012 - 09:49 pm - Link - Report abuse 0
  • GreekYoghurt

    I always love it when they say 'Argentinian resources for the Argentinian people' because they say the same thing in Venezuela where all the money from the resources go the the Mafia. In Argentina it's the same, all the money goes to the Mafia and the typical Argentinians get nothing. They don't even get safe trains.

    I'm sure they'll keep saying it over and over.

    Mar 08th, 2012 - 09:49 pm - Link - Report abuse 0
  • Furry-Fat-Feck

    @ 27 Tigre2000

    So consider this. The Argentine economy crashed and burned in the early naughties and 10 years of strong growth has risen your credit rating to junk status. Bloody hell how bad did it get? 9% of feck all is still feck all.

    But it was a start and now your president is p!ssing it all up the wall.

    Mar 08th, 2012 - 10:04 pm - Link - Report abuse 0
  • DanyBerger

    Kebab QE (Mohams printing solution out of recession) has hit harder pension funds.

    In the next years pensioners may be have to work again to eat. The question is... where?

    http://www.telegraph.co.uk/finance/personalfinance/pensions/9129641/Bank-of-Englands-QE-has-cost-pensioners-90bn-says-National-Association-of-Pension-Funds.html

    So mates doesn’t matter your rating AAA status UK is sinking faster and printing money to buy its own debt.
    Now guess who is going to pay that debt? Any thought?

    Mar 09th, 2012 - 12:21 am - Link - Report abuse 0
  • brit abroad

    @ Geo,

    i live in China and have done so for 8 years. Stop talking about stuff you clearly no nothing about!

    Mar 09th, 2012 - 01:19 am - Link - Report abuse 0
  • Anti-Fascist

    5 geo

    Yes we could just have a dynasty, interspersed with regular military coups... like Argentina.

    You don't have a Queen? Oh yes you do.

    As for the EU, you think we want to be in it? No one wants to be in it, its like a Juggernaut out of control, everyone wants to jump off, but the no one wants to be left behind, so everyone is holding a gun to everyone else's head. It's like watching an insane asylum and a freak show come together on a double decker bus, heading at 100MPH for a 10 ft high bridge! It's gonna hit! Stay tuned!

    Mar 09th, 2012 - 02:32 am - Link - Report abuse 0
  • Furry-Fat-Feck

    38 DanyBerger (#)

    Erm? We pay the debt. You know? Like how Argentina DOESN'T pay it's debts?

    I think I should have added that our inflated economy is growing smaller, we are adjusting and yet we are still in a far far better position than Argentina.

    With a population of 40 million and huge landmass by comparison with the UK and massive natural resources the Argentine economy is still 6.5 times smaller than the UK. I am sure I read that at one time Argentina's economy was actually bigger than the UK so what went wrong?

    Your argument is barely coherent and you link/links tell us nothing that we don't already know and we are already dealing with and that is the issue here. We know in the UK that we have problems, just like any other country. But we do our level best to identify them and deal with them.

    In Argentina you don't know the half of what is going on, even the most level headed and pragmatic Argentinian can only take a guess because your government routinely suppresses the true picture. And whilst your government is distracting you with shiny promises that they cannot keep they are emptying your treasury whilst you are not looking.

    It is beginning to look like a very elaborate heist. I am just wondering where KFC has stashed the loot and where she is going to run to when Argentina finally wakes up to what she and her government has done.

    Mar 09th, 2012 - 12:05 pm - Link - Report abuse 0
  • GreekYoghurt

    @41 Capital flight probably happened a long time ago. Most companies will be accepting payment in dollars into their foreign accounts or subsidiaries, thereby reducing their tax-payable in Argentina and allowing their executives to be paid for 'services' in dollars by those subsidiaries.

    The likelihood of people walking in or out of a country with bags full of dollars is only reserved principally for Afghanistani politicians entering Dubai (http://www.thedailybeast.com/newsweek/blogs/declassified/2009/12/04/annals-of-afghan-corruption-government-officials-smuggle-suitcases-of-cash-to-dubai-while-drug-trade-thrives.html). I guess the level of curruption there is similar to Argentina though.

    Mar 09th, 2012 - 12:36 pm - Link - Report abuse 0
  • ChrisR

    27 Tigre2000

    A hell of a lot more about your country's fiscal situation than you do!

    “considering Argentinas's economic growth rate at 9% along with
    a robust export market and a strong manufacturing sector”

    9% eh? INDEC figures of course: what about inflation at 25 - 30% in the real economy. You have no idea about the interelationship with the rest of the economy and you exports that it brings do you?

    Have you had an increase of 30% in your wages? If you have, you should have asked for 40% which MIGHT, only might, last you until the end of the year.

    You write as if you are a woman. My guess, given the abysmal drivel you spout, tinged with vitriol, is that you are indeed a woman. Am I correct?

    Mar 09th, 2012 - 01:15 pm - Link - Report abuse 0
  • fermin

    This King should be dealing with the corruption at his royal family. Spanish people suffering crisis while he dedicates his time to defend the interests of a couple of Spanish Corporations (REPSOL)... not nice.

    Argentina has a long history as a petrol producer, Spain does not...

    Mar 13th, 2012 - 11:10 am - Link - Report abuse 0

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