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YPF is an Argentine asset run by Spanish investors, De Vido tells Madrid

Saturday, March 17th 2012 - 07:21 UTC
Full article 65 comments

Argentine Planning Minister Julio de Vido lashed out at Spanish Industry Minister José Manuel Soria by saying that oil company YPF is an Argentine corporation run by Spanish investors and should not be considered an asset of the European country. Read full article

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  • The Cestrian

    Staggering arrogance from the Argentines.

    Everything is theirs it seems.

    Mar 17th, 2012 - 10:32 am - Link - Report abuse 0
  • GreekYoghurt

    What is it about spanish people? I just don't think it's very dignified when they bend over and take it up the rear-end from Argentinians. I really don't understand the relationship between the two countries, and I don't understand why they both have a lord of the rings style 'precious' e.g. falklands, gibraltar.

    Like the french don't have any issues with the channel islands and they get along really well with the french. So what's the issue here?

    Mar 17th, 2012 - 11:00 am - Link - Report abuse 0
  • Doveoverdover

    It's a perfectly legitimate strategy to contract out the extraction of natural resources as opposed to using a state run entity to do it as a nationalised industry. You've just got to use the right “commercial vehicle”, employ smart commercial officers and even smarter commercial lawyers. I just hope, for the sake of the Argentinian people, that when they chose the Repsol route they were not using the same lawyers that advised the Foreign Minister on the suing of anyone and everyone involved in the Falklands oil endeavour.

    Mar 17th, 2012 - 11:05 am - Link - Report abuse 0
  • The Falklands are British

    3
    Well at least one Argie lover sees what a farce Timmerman's latest idea is going to become very quickly.

    Mar 17th, 2012 - 11:38 am - Link - Report abuse 0
  • Conqueror

    I'm not sure that argieland knows what it's talking about anymore. As if it ever did! According to what research I've been able to do in a short time, Repsol (a Spanish company) bought 97.81% of YPF (an argie company) in 1999. Does that not make Repsol-YPF a Spanish company? YPF “was” an argie government company, but Menem privatised it in 1993. Repsol-YPF is headquartered in Madrid. Where does de Vido get the idea it is an argie company? Has anybody got a different slant on this?

    Mar 17th, 2012 - 11:38 am - Link - Report abuse 0
  • Teaboy2

    Err no YPF is not an argentine asset it is an asset that belongs to the spanish company Repsol and has been ever since Repsol bought YPF in 1999. It was privatised by the argentine government in 1993, therefore no longer belonging to argentine state since 1993. As such it is not an argentine asset but an asset of the those that own shares in the company.

    I own 100% shares on my own company, according to argentine logic, regards of the fact i own 100% of my company, the company is an UK asset, it is not. Its my company, my asset, it is simply only based in the UK. Just like Repsol YPF is simply only operating in argentina but actually based in spain (location of their HQ), with offices in argentina only.

    Argentina simply do not own it, and therefore it is not an argentine asset.

    Mar 17th, 2012 - 11:44 am - Link - Report abuse 0
  • Mrlayback

    I guess they see YPF fuel stations all over Argentina so they assume they own them ! What I find staggering is that they can not complete a sentence without the word “demand”.

    Mar 17th, 2012 - 11:58 am - Link - Report abuse 0
  • ptolemy

    Anyone know why: ”In the last decade gas and oil production and reserves have dropped 40% and 36% ???

    Mar 17th, 2012 - 12:26 pm - Link - Report abuse 0
  • GreekYoghurt

    @6 Argentinians seem to have an issue with understanding 'property' and 'contract' law. They seem to think if 'they wants something, master' then 'they can have the precious'. It's gollumesque logic.

    The funniest thing about this is definitely watching spain getting the shaft, the second funniest thing is watching trust in marmierda sink to the depths of their BFF North Korea.

    Mar 17th, 2012 - 12:28 pm - Link - Report abuse 0
  • British_Kirchnerist

    #1 But they DO have a right to the oil under their own country, whatever one's line on the coastal oil this should be obvious. What was it Donald Rumsfeld said ”its not our fault God put America's (Spain's) oil under other people's countries (Argentina)“...

    Greek your so racist its funny, watching you debate yourself out loud about ”who do I hate more, the Spanish or the Argies”, is fun, and reassuring as it shows up the quality of the opposition =) As for the Channel Islands their roughly halfway between France and England, and have been English since the middle ages, not the same situation as the Falklands or Gibralter; that said I wish something was done about how they and other British possessions like the Isle of man and the Cayman Islands undermine our own home economy by acting as tax havens.

    Mar 17th, 2012 - 02:03 pm - Link - Report abuse 0
  • Doveoverdover

    Thank you for your encouragement @4. I'm not used to getting support for my views from Sun readers so I welcome it all the more.

    Mar 17th, 2012 - 02:23 pm - Link - Report abuse 0
  • GreekYoghurt

    @10 it is “you're racist” not “your racist”, so please can you use the language correctly.

    “the Channel Islands their roughly halfway between France and England”. It's “they're” and not “their”.

    Your geographic knowledge is left wanting. The Channel Islands are not half-way between England and France. They're just off the coast of Normandy.

    Next point, the timeline matters, but why is 1833 important but the history of the middle ages not important? Selective history?

    The Isle of Man is not a part of the UK, so it's not owned by us.

    How wrong are you? Maybe you need to try again, Mr wrong.

    Mar 17th, 2012 - 02:38 pm - Link - Report abuse 0
  • British_Kirchnerist

    I said roughly. I'm aware the Channel Islands are slightly closer to France than to Britain. They are however between them, in the Channel to be precise; the clue is in the name.
    I'm also aware the Isle of Man isn't part of the UK. Neither are the Channel or Falkland Islands. But they are all controlled by the British state as protectorates; quite a humiliating existence really, not to be a full citizen of any sovereign country, wouldn't you think?

    Mar 17th, 2012 - 02:45 pm - Link - Report abuse 0
  • Xect

    Slightly? I think you mean massively.

    One of the compelling reasons for them to have allegiance with Britain is for protection against countries like Argentina.

    If countries like Argentina didn't bully and intimidate places like the Falkland's islands then there would still be reasons why they'd want to be part of the UK but maybe with a lesser emphasis.

    They aren't humiliated, they are glad to have the might of the British to protect them against countries that do not obey international laws.

    I mean could you imagine what would happen to the Falkland Islanders without the protection of the British?

    Mar 17th, 2012 - 02:51 pm - Link - Report abuse 0
  • GreekYoghurt

    @13 Which part of “They're just off the coast of Normandy” are you really struggling to understand?

    You're not aware that the Isle of Man isn't a part of the UK. You called it a British possession, which is categorically is not.

    You quickly try to call me racist, because you're upset about your lack of cognitive ability; however, looking at this objectively:

    Fact 1) Falklands are closer to Argentina than the UK;
    Fact 2) Channel Islands are closer to France speakers)than UK;
    Fact 3) Gibraltar is closer to Spain than UK;
    Fact 4) Bermuda is closer to USA than UK; and,
    Fact 5) Ascension Island is closer to Brazil than the UK.

    including the following:

    Fact 6) Brazil speaks portuguese
    Fact 7) Spain and Argentina speak spanish
    Fact 8) France speaks French
    Fact 9) USA speaks generally English

    Fact 10) Spain and Argentina want property belonging to the UK.

    From this we can see that:

    Argument 1) Spanish speaking countries want property belonging to the UK.

    So we can infer that the only people who have issues understanding property and contract law are spanish speaking people. Other language speakers don't seem to have an issue.

    Lordy lord, you really don't know any facts.

    Mar 17th, 2012 - 03:02 pm - Link - Report abuse 0
  • J.A. Roberts

    The Channel Islands are between 20 and 30 NM from France and between 75 and 90 NM from the UK and British Kircherist thinks they are “slightly” closer to France. Remind me to take any of his other “facts” with a pinch of salt...

    Mar 17th, 2012 - 03:58 pm - Link - Report abuse 0
  • GreekYoghurt

    @16 I wouldn't bother trying to explain. They have somewhat deaf ears.

    Mar 17th, 2012 - 04:24 pm - Link - Report abuse 0
  • Conqueror

    @10 OK. Thank you. You're not British. The Channel Islands are not “roughly halfway between France and England”. Perhaps you should try a map, argie. and they're not British possessions.
    @13 No, numb nuts. They're not “slightly” closer. Try again. Still not British are you?

    What a prick!

    Mar 17th, 2012 - 04:48 pm - Link - Report abuse 0
  • British_Kirchnerist

    I'm well aware that the Channel Islands are just off the coast of France, but then so is Great Britain =) So they're 3 times the distance; doesn't add up to so much when its 3 times 20 or 30

    Mar 17th, 2012 - 05:06 pm - Link - Report abuse 0
  • GreekYoghurt

    @19 'I'm well aware that the Channel Islands are just off the coast of France'

    Well you are now because you've been made to look an imbecile. However about an hour ago you had absolutely no idea, so now you're just a liar. The interesting thing is even when you're wrong you think you're right... sociopathic behaviour.

    The facts of the matter are, the french have no issues with the channel islands because let's face it, the french are modern thinkers and normal people. The french don't sit there ranting all day about trying to kill the locals.

    That's the difference between french speaking people and spanish speaking people.

    Mar 17th, 2012 - 05:20 pm - Link - Report abuse 0
  • GeoffWard2

    The 'due' accorded to Argentina in its contract with Repsol is written into the contract document.
    Beyond this, the Spanish company has no legal or moral duty or need to compromise its activities and income streams at the whim of the Argentine government, the unions or 'the petrol stations'.

    Perhaps the Argentine Planning Minister knows the hard times are coming, and social disruption and insurrection will follow.
    He might be hoping to persuade the Spanish company in Argentina to have a social conscience and act as a stabiliser to the government, even if it severely disadvantages the owners - the shareholders.
    If this is the case, he would have been better to have made the request in private. He made a fool of himself and his government.

    If Argentina starts appropriating foreign companies in Argentina we may see something more potent than just a commercial reply.

    Mar 17th, 2012 - 05:33 pm - Link - Report abuse 0
  • yankeeboy

    21. My guess is they will appropriate it by driving it out of business through regulation and court action until Repsol is forced to sell. This is just the beginning of the terror CFK will inflict on any company with a large U$ cash on hand balance. If the execs were smart they would have left already. Arg has no talent in o/g (not to mention any other industries) if Arg gov't takes over YPF everyone worth their salt will move to Africa or Canada and work in the o/g fields there just like they did when Chavez took PDVSA. Venezuela's o/g industry is on the verge of collapse, with output down substantially year since he took over. Just look at Venezuela and yo'll see Argentina's path they're just ahead by a year or two.

    Mar 17th, 2012 - 05:51 pm - Link - Report abuse 0
  • Xect

    This document may go a long way to understanding Argentina's irrational aggression towards Repsol.

    http://www.foreignpolicy.com/articles/2012/03/14/argentinas_dubious_boom

    Mar 17th, 2012 - 05:54 pm - Link - Report abuse 0
  • J.A. Roberts

    I can see British Kirchnerist struggles with fractions, if he thinks half is about the same as a third. It's no wonder Argentina is in such trouble!

    Mar 17th, 2012 - 07:04 pm - Link - Report abuse 0
  • GreekYoghurt

    @25 If British Kirchnerist took the GMAT or other standardised test, I'm relatively sure she'd attain a low grade.

    ...And that's just be being objective, given the quality of her recent statements.

    Mar 17th, 2012 - 07:23 pm - Link - Report abuse 0
  • briton

    13
    the Channel Islands are just off the coast of France, but then so is Great Britain =
    Britain is not just of the coast of France, about 21 miles at the closest point.
    You may as well give up arguing, im afraid you may have lost this one,
    Mind you, looking at the map of the world, the USA is only about 6 inches from the UK so just of the coast may well be excepted

    .

    Mar 18th, 2012 - 12:15 am - Link - Report abuse 0
  • GreekYoghurt

    @26 The more I think about this, the better the French appear.

    Seriously what's going on with those Spanish and Argentinian people with their monomania about stealing land? Is it just a language issue or genetically related sociopathic monomania?

    Kind of fun to watch the Spanish being forced to sell oil to the Argies at $43 a barrel and then taxed on that, so they're left with no money to invest in the fields and then being bullied by the Argies for not investing in the field. Then having their concessions stripped off them. Silly spanish.

    Mar 18th, 2012 - 12:31 am - Link - Report abuse 0
  • Idlehands

    It sounds like the Argentines sold YPF to the Spanish but didn't seem to think that involved handing over ownership or anything inconvienient like that.

    Would any Argentine posters like to buy my house? Not yours for a cool £500k

    Mar 18th, 2012 - 12:39 am - Link - Report abuse 0
  • Frank

    @27 ' what's going on with those Spanish and Argentinian people with their monomania about stealing' ...it is fun watching them go at each other though.....

    I think the RGs have the better business model here.... Sell/privatise state owned oil company... steal proceeds and send to swiss bank account...... re-nationalise oil company..... Sell/privatise state owned oil company... steal proceeds and send to swiss bank account.....re-nationalise oil company....
    Just like a perpetual motion machine.....

    Thieving is in their genes....

    Mar 18th, 2012 - 12:46 am - Link - Report abuse 0
  • GreekYoghurt

    @28 it's something about their lack of understanding of contract and property law They sell license concessions for oil prospecting knowing the risk, then make it so the licensee cannot make any money, then they take the concessions back.

    ... happens a lot in central asia, don't you know.

    Mar 18th, 2012 - 12:46 am - Link - Report abuse 0
  • briton

    Genetically related
    This could well be the problem,
    Talk about the blind leading the foolish .

    Still im surprised Argentina hasn’t extended her territorial waters right up to the Brazilian oil fields and confiscated them, or would the Brazilians get provocative, unlike the silly Spanish .
    ...

    Mar 18th, 2012 - 12:53 am - Link - Report abuse 0
  • GreekYoghurt

    @29 It seems the Sell-and-Steal process works quite well for people with no morals, but why would anyone with half a brain get involved? Why spain?

    @31 Timerman announced that the resources of the [whole of the] South Atlantic belong to Argentina. So i'd expect their waters to be going up to the African coast, and taking up most of Brazils EEZ. Argentina won't care, it's just more bullying and they love bullying.

    Mar 18th, 2012 - 01:05 am - Link - Report abuse 0
  • Troneas

    ”the company’s interests 'were those of Repsol and Spain'”.

    If this isn't colonialism i don't know what is... This is precisely why neoliberalism has failed.

    Nothing wrong with these companies making money in fact, that is what they should be doing but not at the expense of the country where they operate.

    Of course some posters here will always jump at every opportunity to criticize Argentina but then they turn around and watch some Hollywood movie about British and American companies digging gold and gems in Africa where millions are starving to death and they realise how wrong the system is. Of course this is not the fault of the multinationals nor the British or American governments which are all too happy to plunder foreign resources for the benefit of the folks back home but the fault of the corrupt African nations that let it happen.

    And when Argentina doesn't let it happen, of course its only normal imperialistic subjects frown and complain.

    Mar 18th, 2012 - 03:58 am - Link - Report abuse 0
  • The Cestrian

    @33

    Youre either thick or playing the daft lad.

    Effectively if Argentine govt takes over this company what is to stop it in theory from taking over say BP, Chevron or anyone else in its country? nothing is the answer.

    I'm sure that companies now investing in Argentina will be having some high level meetings about whether or not it wishes to wind down its interests in your country which will of course have another knock on effect for your already fucked economy.

    What gets me with all of this is the way in which Argentina is able to act with impunity, even to the point of restricting trade with the rest of South America and not only do they not say anything they then publically back Argentina in everything it does.

    This simply doesnt add up. what hold exactly does Argentina have on the rest of the continent? It has no military to speak of, it is near bankruptcy, it has this ridiculous claim on the FI, it boats and huffs to the world, gives a safe haven to and even backs an organisation that is little different to an older version of the HYL...and people let them do it and back it.

    Amazing. When exactly is someone going to tell Argentina to “fuckoff”?

    Mar 18th, 2012 - 10:37 am - Link - Report abuse 0
  • Xect

    I think the problem in SA is, its been such a failed continent so far in its history that now there appears to be a small amount of co-operation all of the other SA countries are trying to hold something very weak together and whilst Argentina acts like the spoiled brat of the family rather than rocking the boat, they are trying to hold it together by looking past Argentina's indiscretions, but as ever it can only go so far before the powerhouse of the continent (Brazil) calls Argentina out.

    As for poster 33, his assumption is entirely incorrect if we are talking about a 'free market'. In a 'free market' there is regulation and rules but under no circumstances should a government try to tell a private corporation how to invest the profit it makes, such a thing is ridiculous.

    Now Argentina can obviously do such a thing should it wish (a government is usually stronger than a company) but the outcome of this is, Argentina will drive all foreign investment out of the country which we have seen over the past 3 years. In the first half of last year alone 9 Billion fled the country and foreign investment was down by over 30% and that increased to over 45% (unverified figure since Argentina's gov doesn't like to publish real figures).

    It's a shame for the honest decent people of Argentina to be lead by the crazed CFK since Argentina has an abundance of natural resources and if it was lead by a smart, honest, open and democratic government should be very rich.

    But instead CFK's personal wealth has risen by over 600% whilst Argentina's economy is in the last stages of failure.

    Mar 18th, 2012 - 11:54 am - Link - Report abuse 0
  • ElaineB

    If you had an ASBO neighbour you would not anger it. Argentina's government are doing a good job of destroying the country and any credibility it might have had. They need do nothing but sit back and watch the country implode.

    Mar 18th, 2012 - 06:10 pm - Link - Report abuse 0
  • GreekYoghurt

    @34 I think he's just thick.

    Mar 18th, 2012 - 09:18 pm - Link - Report abuse 0
  • tobias

    “This simply doesnt add up. what hold exactly does Argentina have on the rest of the continent?”

    It does. You have absolutely not a clue about how Argentina influences in various ways virtually all of Latin America, and if she does poorly, so do they.

    Uruguay's stability itself depends on Argentina (more than Brazil)
    Paraguay depends on Argentina for a ton of programs
    2 in 8 Bolivians live in Argentina
    All of the major Chilean companies eran more from us than Chile itself
    A big segment of Peruvian families depends on remittances from Argentina
    Brazil has a masive buyer of its products in Argentina

    And then there are the intangibles like Argentina's cultural influence.

    Argentine TV is widely seen across Latin America, since from ARG originate of many of the cable networks on Spanish language channel line-ups (from TyC, ESPN in sport, to MuchMusic or MTV in music, to Utilisima in women's programming), we produce 90% of South America's motion pictures (and more than Mexico in fact), our theater productions dominate the regional tour.

    Tango, argentine rock, folk, nueva cancion, and villera have excerted a dominating influence over the years with youth across the region. Argentine rock defines the culture all over the continent, and Buenos Aires is the center of the electronic music scene in Latin America, tons of kids come to Argentina for the rock, dance, or tango culture. Our commercials dominate the Spanish-speaking world (and in fact are seen in American and UK tv too, they are just CGIed to appear as your own).

    And Argentina's teen culture is the dominant force, from trends to tv shows.

    And then there's Messi. Argentina was a determining force in developing football in their countries to a world-class level, from Menotti in Mexico, to the 80s coaches in Colombia, to Bielsa in Chile, Martino in Paraguay, etc, etc...

    We may have a crappy government and questionable traits, but most of you severely underestimate us. Ignorance and prejudice, never good.

    Mar 19th, 2012 - 03:23 am - Link - Report abuse 0
  • DanyBerger

    YPF is not a Spanish-Repsol company otherwise is one of their shareholders that run the management of the company. 25% is in the hands of Argentine Group called Petersen SA, and the State holds Golden Shares that can veto any decision made by the board.

    Like many others bad called “private” or “privatised” companies, in fact what was “privatised”, was the management and not the assets. So they are simples operators by contracts.

    Here an example for confused Mohammeds, Airports in Britain (currently 6) are been running by a Spanish consortium (BAA Ltd) so BAA ltd. Is a “Spanish owned company” but that doesn’t mean that they own London Heathrow Airport, the land, the aircraft, etc, etc. It is just a private operator.

    So like in Argentina any fail of the given contract can be enough cause to return all assets given back to the legitimate owner (UK state or her highness).

    The same was for railways system, tube system, Aerolineas Argentinas, Telefonica SA,TV channels, water company, post service, radio frequency, etc, etc.

    So all your crap posted has no sense, like always.

    Mar 19th, 2012 - 06:05 am - Link - Report abuse 0
  • GeoffWard2

    Repsol of Spain (privatized in 1997) took over by purchasing 97.5% of privatized YPF Argentina in 1999.

    In the Argentinian 2002 default crisis, the peso got crushed, the cost of imported oil increased 4x, and the government severely regulated policies on the selling of oil and gas. Argentine energy companies were forced to give priority to domestic demand for oil and gas (Argentine Hydrocarbons Law). “The needs of the local market must be taken into account when authorizing long term natural gas exports.” Oil exports were then – and still must be - approved by the Argentine Secretariat of Energy. If refiners continue to demand more oil than is produced by YPF, they must sell it at local (low) prices. The political risk factors are high and, because of government restrictions on selling natural gas and oil at international markets prices, Repsol under-spends on developing Argentina’s hydrocarbon reserves, lets fields mature, milks YPF for dividends, and under-invests in the business.

    Repsol-YPF controls more than 58% of YPF; Argentina’s Grupo Petersen (a company controlled by Enrique Eskenazi) 25.4%; and the Argentine government has a golden share in the company, which it considers of strategic importance.
    When Repsol sold shares in 2008 to reduce its risk-exposure, the multi-billionnaire Eskenazi family bought stock (initially 15%), borrowing half the invested $1.3B; the Eskenazis are ‘very helpful’ in locally negotiating oil and gas prices, as you would imagine.

    The government owns A, B, and C shares; this means that ownership of over 15% of the company has to be approved by Argentinian government entities. The ‘government’ “reserves the right of using the state’s golden share in YPF” – because other shareholders, Mexico’s Pemex (9.5% in YPF) and Spain’s Sacyr (20% in Repsol), flexed their muscles.
    Argentina resists Repsol-YPF’s internal and policy changes if they risk ‘damage’ to the national economy.

    Mar 19th, 2012 - 09:39 am - Link - Report abuse 0
  • GreekYoghurt

    I'm bored by this topic. We all know the Argies are going to give the Spainiards the shaft. End of Story.

    @38 The only Argentinian cultural influence I can see is some anachronism from 1930s Germany where you all look up to some mad lady who is leading you all on a merry dance whilst lining her own pockets. That makes an awesome soap opera for me.

    Mar 19th, 2012 - 10:33 am - Link - Report abuse 0
  • tobias

    Greek, the whole world knows Anglos are rather ignorant people, you are renowned for being monolingual and having no clue about other cultures, who will never watch a foreign film, listen to a foreign singer, read a foreign book. That is not Argentina's fault (or China's, Germany's, France's, Italy's), it is your fault.

    And like I said in another thread, it is sad. You trully do live as if without eyesight and legs. I can't imagine only having to listen to English language music or movies/tv. How limiting and insipid (because as vast as English language content is, it still can't escape a general feel of being from the same culture, in its production, mannerism, and the like. To get trully a different perspective, you have to get into another culture entirely, be it Germanic, Francophone, Italian, Latin American, Chinese, whatever).

    Mar 19th, 2012 - 02:07 pm - Link - Report abuse 0
  • DanyBerger

    @ tobias

    I’m not sure if you are right I remember when I was in Britain to see films in Pakistani, Hindi, etc with English subtitle.

    So they have those perspectives from Karachi and Londonistan, fair is fair mate : )

    Mar 19th, 2012 - 03:26 pm - Link - Report abuse 0
  • jerry

    40 GeoffWard2 - At last, someone here who knows “the truth of the milanesa”.

    Mar 19th, 2012 - 03:27 pm - Link - Report abuse 0
  • tobias

    DanBerger

    I don't think any Anglo would deny that not only they are perceived by the rest of the world as lacking exposure to other sources of media and culture, compared to others. Just look at Europe: I watch German tv, French tv, Italian tv. They are constantly talking about English language music, authors, and of course films.

    Scandinavia itself is bi-cultural with English content being equal in prominence to their own.

    I have never seen the reverse. You maybe the exception, but I think you know what I am saying is nothing new, nor is it a half-truth.

    Mar 19th, 2012 - 04:19 pm - Link - Report abuse 0
  • briton

    this has gone all spannish glue .

    Mar 19th, 2012 - 04:29 pm - Link - Report abuse 0
  • Artillero 601

    The oil is an Argentine asset, the company (YPF) is Spanish .... better now? :-)

    Mar 19th, 2012 - 04:50 pm - Link - Report abuse 0
  • rebeldenacion

    Cristina Fernández de Kirchner the current disaster president of Argentina
    and the other Argentina crooks are her vice-president, Amado Boudou, he is actually an owner of the company that prints money for the government in Argentina, a major conflict of interest, but he denies it, he owns the company in the names of other friends and associates. He is being investigated and surely will end up in jail where he belongs. Cristinas 2 VERY UGLY children, Maximo and Florencia Kirchner, are also very corrupt. Maximo owns all kinds of hotels and properties adn Florencia is a film student in New York and lives in a luxury Park Avenue apartment and is known for major cocaine use. Some of us who know her in New York remember how she always used to tell us how her parents have a bank account drawn on the Nation of Argentina and for her family money is no object. These 2 corrupt children of Cristina Kirchner are self proclaimed “militants”, they belong to 2 internal terrorist groups which Cristina Kirchner finances, “La Cámpora” and “Quebracho”. “La Cámpora” goes around to the poor shantytowns around the cities in Argentina and gives the poor people a bag of groceries, a sausage sandwich called “choripan” and $20 pesos to buy their votes. These people have no choice but to accept this as they are extremely poor and have no other hope. “Quebracho” is a terrorist group which Cristina Kirchner pays to protect her, they disguise their faces and go around shaking down businesses to get money and give back to the president. They are also responsible for drug dealing, robberies and murders.
    www.youtube.com/watch?v=zTBAjfgHLyk&feature=relmfu
    www.youtube.com/watch?v=azwWSN2pukk
    www.youtube.com/watch?v=iSvQw00SV-c
    www.youtube.com/watch?v=UyPC0SD0PGw
    www.ripoffreport.com/government-worker/argentina-tourists-m/argentina-tourists-murdered-l-33f51.htm
    www.ripoffreport.com/federal-government/cristina-kirchner/cristina-kirchner-cristina-kir-dc9b0.htm

    Mar 19th, 2012 - 09:12 pm - Link - Report abuse 0
  • GeoffWard2

    tobias,
    there are, today, many British that are 'people of the world' - I count myself as one.
    We are people that have sampled culture and cultures around the world; we exchange culture with cultures.

    Because of the patchwork of countries close at hand that make up Europe and the Old World, most contemporary British people have travelled widely between countries and cultures.
    And, through the days of Empire, much of the world was the playground of British culture, industry and language.
    These Empire-days were the days of global outreach - quite in contrast to the Chinese empires that preceeded it (but perhaps I am being churlish to the Chinese, who knitted together great civilizations with trade and language, across half a great continent).

    I mention this because I find quite the reverse in the USA, where most 'Americans' have never ventured beyond their boundary, and have little desire to do so. Introspection.
    This conditions the 'American's' world-view, to the great disservice of the whole world.

    Mar 19th, 2012 - 10:05 pm - Link - Report abuse 0
  • briton

    britain has given the world so much,
    but to be fair, and to give them a running chance,
    what has argentina given the world, in part.
    answers on a post card please.

    Mar 19th, 2012 - 11:14 pm - Link - Report abuse 0
  • Teaboy2

    @50 - Corned beef.... But then they stole that too, so doesn't really count lol.

    Corned beef originated in ancient Europe and the Middle East when preserving meat through salt-curing first began.

    Mar 20th, 2012 - 12:10 am - Link - Report abuse 0
  • DanyBerger

    @tobias

    Yes British are very tough to integrate with other not “English speaking culture” but as former colonies in Asia have overtaken Britain today looks more like Pakistan, Nigeria, India, etc.

    And you have the joke: What is the second language spoken in London? English after Pakistani.

    : )

    @briton

    Ok, ok Briton you have given to the world Kebabs, Curry and Tea. What do you want a especial award for that?

    Mar 20th, 2012 - 11:55 am - Link - Report abuse 0
  • briton

    yep

    Mar 20th, 2012 - 01:05 pm - Link - Report abuse 0
  • Teaboy2

    @tobias #52 - “Yes British are very tough to integrate with other not “English speaking culture” ” Actually most foreigners that come to this country find it easy to integrate into the british culture and values. Hence why are one of the most multicultural societies in the world.

    As for English being the second language in London - Lol what rubbish you do talk. I think you will find that the majority of londers are white british decent, only small areas are of different ethnic backgrounds and the majority of those speak english as their first language. Also all foreigners wishing to come to the UK to live must have a good understanding of english lanugue, spoken and written, plus they are required to pass a britishness test before they are allowed to come here and reside here.

    Check your facts before talking bollocks numb nuts!

    Mar 20th, 2012 - 01:38 pm - Link - Report abuse 0
  • tobias

    Newsflash to Teaboy: I am not the author of @52.

    Mar 20th, 2012 - 03:54 pm - Link - Report abuse 0
  • briton

    thats true

    Mar 20th, 2012 - 04:19 pm - Link - Report abuse 0
  • DanyBerger

    @Teaboy2

    “Also all foreigners wishing to come to the UK to live must have a good understanding of english lanugue, spoken and written”

    Yeah sure like you Teaboy2?

    “lanugue” you have failed the test where do I have to send you?

    Now try again your test to get your passport here
    http://news.bbc.co.uk/2/hi/uk_news/magazine/3077964.stm

    May be that is the reason they travel so little outside the Islands?

    Now here I will challenge you to show me any heavy walking street of London where the majority are whites as you say. Bro.

    Here my videoShow:
    http://news.bbc.co.uk/2/hi/uk_news/magazine/3077964.stm
    http://news.bbc.co.uk/2/hi/uk_news/magazine/3077964.stm
    http://news.bbc.co.uk/2/hi/uk_news/magazine/3077964.stm
    http://news.bbc.co.uk/2/hi/uk_news/magazine/3077964.stm
    http://news.bbc.co.uk/2/hi/uk_news/magazine/3077964.stm
    http://news.bbc.co.uk/2/hi/uk_news/magazine/3077964.stm
    http://news.bbc.co.uk/2/hi/uk_news/magazine/3077964.stm

    Birmingham
    http://news.bbc.co.uk/2/hi/uk_news/magazine/3077964.stm


    By the way are you going to tell me that its safe too?
    http://news.bbc.co.uk/2/hi/uk_news/magazine/3077964.stm

    SYL

    Mar 20th, 2012 - 04:56 pm - Link - Report abuse 0
  • briton

    and aint you lucky to live in a civilised country
    http://www.youtube.com/watch?v=UyPC0SD0PGw

    Mar 20th, 2012 - 05:05 pm - Link - Report abuse 0
  • Teaboy2

    @57 For a start Danyboy (boy because you have an maturity level equal to that of a child) I am dsylexic, so my grammer and spelling suffer as a result. Especially when i was not diagnosed until in my last 2 years of secondary/high school.

    Other than that my Spoken english is perfect, in fact i speak proper english being that of a yorkshireman. Also my written despite the grammer and spelling is fine and understandable to anyone that speaks english. Something i can not say the same for in regards to some argentine posters on here.

    Oh and psoting videos that were made in selective areas of cities in the UK where the majority of residents happen to be ethnic and non white british people, does nothing to proof your cause. Instead it just shows how your wiling to manipulate things to suit your argument.

    Heres one of oxford street london, you will see they are mainly white british with a few non white british, a majority of which are likely non white britihs tourists.

    http://www.bbc.co.uk/news/uk-11904486

    Now stick that up your junta and smoke it little boy! As i have just clearly ripped your whole argument apart.

    Mar 20th, 2012 - 05:55 pm - Link - Report abuse 0
  • DanyBerger

    @Teaboy2
    “Now stick that up your junta and smoke it little boy! As i have just clearly ripped your whole argument apart.”
    Really?

    “I am dyslexic”
    oh! how convenient! Doesn’t it?

    “Lol what rubbish you do talk. I think you will find that the majority of londers are white british decent, only small areas are of different ethnic backgrounds”

    “Oh and psoting videos that were made in selective areas of cities in the UK where the majority of residents happen to be ethnic and non white british people...”

    “Heres one of oxford street london, you will see they are mainly white british with a few non white british”

    Do you suffer also from colour-blindness?

    BTW now you can get stabbed while shopping for the same price in Oxford Street?
    http://www.youtube.com/watch?v=qda62Woufp0

    Ah! Tea Boy what happen really hard to find streets full of your “ whites Londoners”?
    Living in denial would tell the doctor I guess...

    Mar 20th, 2012 - 09:21 pm - Link - Report abuse 0
  • briton

    you need a break,
    have a kit-kat .

    Mar 20th, 2012 - 11:51 pm - Link - Report abuse 0
  • Teaboy2

    @tobias - Lol couldn;t defeat ny argument could you so instead revert to personally gratfying insults.

    By the way you can get stabbed for having a camera in BA especially if your a french tourist on internationally renowned photograpther.

    As for being dyslexic, well i have made that clear on here and on other forums where i used this same username such as Legal beagles for instance, so is my previous statements about myself being dsylexic a matter of convience here. Or are you just saying it is, just to make you look better after i destoryed your argeument.

    Am i colour blind, no am not, the majority of the people in the video i provided were white. The majority in the video your provided where ethnic, purely because the videos you provided where taken in areas where of london where mainly ethinic populations reside, same for the other cities you had videos for. The link i provide however was not taken in a residential area of london, with there own local shops, but taken on one of the busiest shopping streets in london where residents from all ethinic qaurters that reside in london visit on a regurlar basi. The video clearly shown more british white people than there was ethnic minorities, which backs my statement that british whites are a majority in london and clearly outnumber those of ethnic minority. You were clearly being purposefully selective as to the videos you showed in order to make sure they showed your point, the title of the videos alone back my point that your were being selective and that they were filmed purposefully in accordance to back up the films title, in areas of london where the ethnic minority happen to reside.

    Also where i live, 99% of the people are british white. Oh and by the way official figures, as of 2009, state that only 1 in 6 people living in britian are of non british white ethnic origin. So you bullshit arguement is just that - Bullshit.

    Mar 21st, 2012 - 12:46 am - Link - Report abuse 0
  • Teaboy1

    Sorry my last post above was not directed at tobias (my apologies tobias) but was directed at Dany “the little immature” BOY.

    Mar 21st, 2012 - 12:49 am - Link - Report abuse 0
  • rebeldenacion

    This is how Cristina Kirchner of Argentina and her cronies get votes:
    www.youtube.com/watch?v=UyPC0SD0PGw

    Mar 21st, 2012 - 04:28 am - Link - Report abuse 0
  • briton

    They are but very insecure, indoctrinated, and brainwashed, we know this is true,
    They think they have a god given right to take what they want, when they want and from whom they want, and if they don’t get it, or you don’t give it to them, they abuse you, slag you off threaten and intimidate you, they complain to every tissue in the toilet bowl hoping for a soft touch,
    Then they get their there South American friends, to back them up to condemn us, and if they don’t play ball, Argentina then shouts and screams and threatens them,

    We say this, for a peaceful innocent country, CFK and her immortals are trying there dimmest to create the worlds first new 21st century Empire,
    By stealth or theft, they wont stop until some one stops them, or she gets back stuffed and goes,
    Just a growing thought.
    .

    Mar 21st, 2012 - 08:11 pm - Link - Report abuse 0

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