MercoPress. South Atlantic News Agency
Argentine government and YPF can’t agree on the future of the oil company
Argentina and Repsol-YPF oil corporation again clashed on Wednesday over the future of the Spanish owned company while members of President Cristina Fernandez administration said measures “can not be discarded” thus re-launching fears about further government actions. Read full article
Comments
Disclaimer & comment rulesShock horror ! Argentine government cant agree, meaning wont agree unless their demands are met, and where do you think the 5.789 billion Argentine pesos would go If YPF decided to agree a settlement..............
Mar 22nd, 2012 - 02:33 am - Link - Report abuse 0I´m damn sure it wont go towards fixing the economy..
Some of this truly makes for astonishing reading, its all so illogical it beggars belief.
Mar 22nd, 2012 - 07:25 am - Link - Report abuse 0---------------------------------------------------------------------------------------
Kicillof said the Argentine delegates demanded a clear precise investments plan for 2012 but there was no reply and the board meeting can only be described as negative. “Recapitalizing the company is no guarantee of more investments and can be seen as a speculative operation that influences the value of shares, and no guarantee that dollars will flee from the country”.
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And the Argentine government wonders why all of the foreign investment is fleeing the country? Surely someone with some intelligence must work in the government? You call Spain your ally and then plan to rip off one of its biggest companies, what a nice friend you are. If you do this to friends I'd hate to see what you do to your enemies.....
Over 21 billion of foreign investment fled the country last year.......
This is how Cristina Kirchner of Argentina and her cronies get votes:
Mar 22nd, 2012 - 09:37 am - Link - Report abuse 0www.youtube.com/watch?v=UyPC0SD0PGw
Kicillof: “they rejected our proposal of creating an investment fund with the dividends of the past two years, that could suddenly go missing like the money that was supposed to be invested in Belgrano Plummet Airlines by Maximo's Le Camping”
Mar 22nd, 2012 - 10:23 am - Link - Report abuse 0Journalist: ”Hmm..“
Kicillof: ”then they rejected our proposal of creating a money pot into which KFC and her brood could dip into whenever they wanted“
Journalist: ”Hmm..”
Doesn't Kicillof look a bit young for such high office? I wonder what his qualifications are...
Mar 22nd, 2012 - 10:33 am - Link - Report abuse 0Ah... here he is http://www.periodicotribuna.com.ar/9187-quien-es-axel-kicillof-el-economista-estrella-de-la-campora.html
@5 I'm wondering why he's not in a suit.
Mar 22nd, 2012 - 10:46 am - Link - Report abuse 0Is he part of the Le Camping Faggootery? That would explain why he had so little (zero) affect on the meeting because of his lack of business skills.
If he's in Le camping and an economist, didn't anyone think to ask him where the $2.1 Billion went that was supposed to buy new planes for plummet airlines?
** 2 X
Mar 22nd, 2012 - 10:47 am - Link - Report abuse 0Her realname is Armeniantina not Argentina ....!!
@7 Actually, in Anglophone countries, the technical name is the Peoples Democratic Republic of Marmierda.
Mar 22nd, 2012 - 10:53 am - Link - Report abuse 0Here we go again.
Mar 22nd, 2012 - 11:53 am - Link - Report abuse 0I have been a bystander in Argentina for many years.
I have witnessed the hapless masses support many corrupt and ineffective governments, and then support military regimes that moved on to kill and torture.
I have seen the masses support a war against Great Britain and then since 1983, I have seen government after government either damage Argentina’s economy through utter stupidity (Alfonsin) or steal from the public purse (Menem) and now, here we go again.
The Kirchner ‘experiment’ has a grip on both houses in congress and they are using their power to slowly create ‘Argenzuela’.
The hapless Argentine masses are sitting there once again and letting this corrupt bunch of left wing lunatics slowly destroy their institutions, whilst they centralise their power base like a fast spreading cancer – the Kirchners are here to stay – expect a war on the streets between them and their ex-cronies in the unions/Peronist party.
A bruised Duhulde, not dissimilar to the Kirchners but from the right, privately talks of ‘war’ – he and his kind, are the coming ‘war’.
The Kirchners are attacking big industry that will line their pockets (Repsol and others), just as the ‘red-devil’ did in Venezuela, they are trying unsuccessfully to gag the press and yesterday, they moved to take control of the Central Bank with their ‘patsy del la Ponte’.
I know fives businesses that are going out of business as a result of the import restrictions - that’s five businesses and over 100 people who will soon be out of a job to protect the trade surplus.
So whilst this sociopath spends Argentines money so freely that it ends up in her administrations pockets, not to mention making ‘grandmothers’ and judges wealthy beyond their means, they will fill the holes in Argentina’s finances with Argentines CB reserves – that’s your money – blood and sweat after 2001/2. This is not her money or her legacy, it’s your hard work.
Not enough space read below
Carry on, bigron.
Mar 22nd, 2012 - 12:01 pm - Link - Report abuse 0I'm enthralled. Keep going BR.
Mar 22nd, 2012 - 12:06 pm - Link - Report abuse 0What happened in congress yesterday is akin to giving a kleptomaniac a job in jewellery store.
Mar 22nd, 2012 - 12:10 pm - Link - Report abuse 0Have you all lost your bloody minds? Please, please, wake up Argentina or accept your fate and the blame (you always blame everyone else) when it all goes horrible wrong.
I WARN YOU:
If CK controls over 75% in both houses after the interim elections – ARGENTINA IS FINISHED! QUEEN CRISTINA WILL RULE FOR MANY YEARS. SHE WILL BE YOUR PRESIDENT TO PRIME MINISTER TO PRESIDENT (our one of her offspring), LIKE OLD PUTIN.
You do not like us Brits at the moment, this is a pendulum my family has seen swing one way and then the other for 200 years - my folk did not care, I do not care, I love Argentina, it's been my home and home to my forefathers for a lot longer CK and her cronies can claim residence as a families. I am going to Uruguay for a while.... bye-bye Argentina and good luck.
@12 Face facts BR, it's all over... done.. finito. We're all watching the burning barn, wondering when it's finally going to fall in on itself.
Mar 22nd, 2012 - 01:35 pm - Link - Report abuse 0The so called 'Star Economist' of La Campora (he holds a PhD in economics no less!) was in charge of the finances of the airline and it was his plan that resulted in the losses (but nobody knows where to) of 250M Pesos / month AND he even managed to crash his own nightclub / bar business.
Mar 22nd, 2012 - 01:51 pm - Link - Report abuse 0And he is far from a kid, he is 39 (probably 40+ but, hell, he manages the numbers).
This is the level of 'intellect' that is representing the government on the YPF Board. :o)
@14 That says a lot. You can imagine the real people from the Repsol-YPF board just thinking 'who the furk are you? and how did you get this ridiculous idea we were going to spend 2 years dividends on investing in concessions you're tearing off us at a rate of 2 a day?'
Mar 22nd, 2012 - 02:11 pm - Link - Report abuse 0So this is the master of plummet airlines... good lawd.
‘He's an arrogant queen’ - so one of my gay friends tells me - not had the privilege of meeting him. He’s a failed businessman, like many politicians and many professors. In fact, when you look at the credentials – the real 'creds' for Kirchner's tribe, they are a laughable bunch, not least, the ‘patsy de la ponte’ as she will later be known at Banco Central de la Republica Argentina Central Bank of Argentina
Mar 22nd, 2012 - 02:17 pm - Link - Report abuse 0@16 Surrounding yourself with a cabal of FAIL is always a great way to address your country's problems.
Mar 22nd, 2012 - 02:32 pm - Link - Report abuse 0Is it not time for Repsol to pull everything it can out of argieland and destroy the rest? How difficult could it be to remove all the money, load all the movable assets on a number of vessels and plant C4 on the rest? Leaving CFK to contemplate all those craters and burning wells. Anybody think CFK would die of apoplexy or a simple heart attack?
Mar 22nd, 2012 - 07:33 pm - Link - Report abuse 0notice all the pro CFK members are very qiet.
Mar 22nd, 2012 - 07:42 pm - Link - Report abuse 0@19 It's hard to type when you're swimming in FAIL.
Mar 22nd, 2012 - 09:19 pm - Link - Report abuse 0Do not forget to add the VP and ex-economy minister Boudou to the “fail” list. I believe that the only job he had before the K´s picked him up was that of running a garbage collection company, which (surprise! surprise) he bankrupted, also.
Mar 22nd, 2012 - 10:25 pm - Link - Report abuse 0@21 Three cheers for the endless list of company-killing failed business folk running argentina.
Mar 22nd, 2012 - 10:26 pm - Link - Report abuse 0Hip hip.. hoooray.
Hip hip.. hoooray.
Hip hip.. hoooray!
@ 7 Are you Turkish? You're always talking sh*t about the Armenians.
Mar 23rd, 2012 - 05:32 am - Link - Report abuse 0Hey, Squatter Think,
Mar 23rd, 2012 - 06:21 am - Link - Report abuse 0l'd be interested to any reply(excuse)you could cobble together in answer to bigron @ 9,12 & 16.
l guess hes an Anglo-Argentine, whose family has lived as many generations in Argentina.
So he can observe first hand whats happening there & hopefully would know what hes talking about(unlike you).
Care to make a comment or are you hiding under the kitchen table?
Have we figured out yet why the dude in the photo claiming to have a PhD from some unknown Argentinian university online is wearing a tracksuit to a shareholder meeting representing the government?
Mar 23rd, 2012 - 09:22 am - Link - Report abuse 025 GreekYoghurt
Mar 23rd, 2012 - 10:55 am - Link - Report abuse 0I wondered that, then I thought it must be a dummy he has around his neck on that strap.
@26 I think it's a sign saying 'this noob is wearing sports casual to a business meeting because he hasn't been to one before'... it's no wonder the company ignored his pleas to put all the company assets into a bank account for La Campora to dip into and build assets like hotels.
Mar 23rd, 2012 - 11:16 am - Link - Report abuse 0I would have paid money to be at that shareholders video to watch these furktards trying to suggest nonsense to seasoned businessmen.
27 GreekYoghurt
Mar 23rd, 2012 - 12:54 pm - Link - Report abuse 0It reminds me of when I was a Technical Director of a GEC company and Lord Weinstock, to appease the City, appointed a female to be a director on the main board at Stanhope Gate, London. GEC in those days had £2.6Billion on deposit.
This woman decided she would go round the various UK companies and, for our sins, she came to us. Lordy, Lordy, what a complete waste of time that was.
I had two female engineers in my life-test lab and either of them could have run rings around this imposter of a businesswoman. Another lifetime ago.
@28 I know many people with research degrees like PhDs and a lot of it is about the quality of the establishment to which they did the research. This guy's uni, i've never heard of. He'd probably have had more luck and garnered more understanding of economics from working in a bank and doing some professional qualifications based around financial management and banking.
Mar 23rd, 2012 - 02:07 pm - Link - Report abuse 0I'm guessing after your story the female engineers then moved to Germany because they'd get paid twice the amount for doing exactly the same job. Engineers in the UK typically get treated like muck and either leave to practice abroad or move into fund-management or analysis. Not often you'd find one actually doing any Eng.
29 GreekYoghurt
Mar 23rd, 2012 - 07:26 pm - Link - Report abuse 0Worse than that, Weinstock almagamated the company with another in the same division and everyone took the money.
It was then that I started my own company. Yet another lifetime.
At one time people moved every 10 / 15 years (especially if they were an apprentice) and it now seems major upheavals to careers come every 5 years.
@30 these days in the UK you only do engineering if you want to work in a bank as analyst or fund manager or if you really love engineering you move abroad to switzerland or german.
Mar 23rd, 2012 - 11:06 pm - Link - Report abuse 0Compared to you only want to do medicine if you want to play minesweeper while old ladies tell you about their verruca, and hand out amoxicillin to anyone coming through the door.
That's just how people roll these days.
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