MercoPress. South Atlantic News Agency
YPF takeover: “Dreadful decision for Spain, for Argentina and terrible for legal security”
The Spanish government condemned Argentina’s announcement over the expropriation of YPF, calling it a “discriminatory” and “arbitrary” decision, and stated that it will adopt any measures deemed necessary to defend the interests of Repsol and every other Spanish company. Read full article
Comments
Disclaimer & comment rulesWell………………… I say………. Bring it on………………
Apr 17th, 2012 - 04:32 am - Link - Report abuse 0As the Spanish people is tired of their King hunting elephants in Botswana at a cost of 70,000 Euros a week on tax payers money……….
The Argentinean Government was tired of, for the 8th year in a row, watching Repsol paying their European share holderes dividends that amounted to 105% of YPF’s earnings.
That was effectively emptying the capital of YPF.
And that’s criminal.
Here and in Spain.
Ah Think, your name is so ironic!
Apr 17th, 2012 - 06:25 am - Link - Report abuse 0This action is bringing so much shame on Argentina and yet some Argentine posters seems to be excited about something which is undoubtedly very damaging to Argentina.
How many foreign investors do you think will invest in Argentina after the latest action? It was bad before, in 2010 foreign investment was down by over 70%, I wonder if we will see minus figures this year?
@ 2 Invading Iraq and Afghanistan is a shame. Don't worry for Argentina, go out and enjoy the sun :)
Apr 17th, 2012 - 06:30 am - Link - Report abuse 0@1 and @3 So, an end to colonialism in all its forms. Except good old fashioned Argentinian colonialism that is.
Apr 17th, 2012 - 07:33 am - Link - Report abuse 0“Both ministers stated that the Spanish government will act in consequence with this decision and added that “starting this afternoon, we’ll be working on which measures to adopt, and we will announce them within the next few days.”
Apr 17th, 2012 - 09:10 am - Link - Report abuse 0And what the Spanish can do?
Let me think... ah! nothing. Some one can give some tissues to the guys on the photo they seem are gonna cry.
@5 - The Spanish can do a WHOLE lot, seeing as they have a seat in Brussels and a sympathetic ear in Great Britain in pursuing sanctions on Argentina. I wouldn't be surprised if the EU voted to put a embargo on the country. I'm sure the Falkland Islanders would be in hysterics, watching Argentinian ships being the ones attacked for once.
Apr 17th, 2012 - 11:29 am - Link - Report abuse 0This is the real SELF-DETERMINATION, a country deciding to control its own resources, and it is a shame that the corporate media washes the brains of so many people commenting in Mercopressure .
Apr 17th, 2012 - 01:05 pm - Link - Report abuse 0This is how they support freedom and democracies: accusing popular governments that were voted for people of a corruption that nobody can ever prove, and surrending to the logic of corporations that even participated in creating the crisis that Europe is suffering today. Because REPSOL was a speculator, nothing more, it was a little company before acquiring YPF, they became a transnational global company hiring the Argentine scientists and technics that worked on YPF, and sold Argentina its own petrol at spectacular prices.
@fermin - yes, your government is self-determining itself all the way to bankrupting the country and destroy the Argentine nation.
Apr 17th, 2012 - 01:17 pm - Link - Report abuse 0Any credibility your country had is fast being flushed down the toilet by this corrupt bunch of people who call themselves your government.
Your governments attempts at diplomatic persuasion have been shown to be childish, ill-thought out and based on the lies Argentina tells itself (to the point were you have all forgotten that they ARE lies). Your President has embarrassed herself, and by proxy the Argentinian people on the world stage.
She now shows that she is not a democratic leader, but a defacto dictator. Your government has defaulted on it's debts, broken trade agreements, and is now reduced to stealing to try and keep the self-delusion that every is 'okay' afloat.
And at the end of it, what will you have? Nothing.
No allies, no foreign investment in your country, no credibility on the world stage. But most importantly from my point of view, is that you definitely won't have the Falkland Islands.
Good luck in your isolation. But at least you'll have plenty of soy beans to eat. ;-)
@7 - It's funny you accuse us of being brainwashed by the corporate media, while you yourself are being brainwashed by the Kirchner media. Haven't you heard of freedom of the press? Stealing from Spain is not self-determination. You need to look up the definition for that, preferably in an English dictionary.
Apr 17th, 2012 - 02:26 pm - Link - Report abuse 0“accusing popular governments that were voted for people of a corruption that nobody can ever prove”
Of course! Your governments are so squeaky clean! There was definitely no possibility that Hugo Chavez bankrolled the Kirchner campaign to consolidate his grip on a collection of puppet states. There's no way she murdered her trade secretary at a summit in an unmedicated rage. There's no way the Falklands issue is a distraction from an economy that is plunging to the stable levels of Libya.
You continue to hold this crazy conviction. When will you realize your entire country is being EXPLOITED by Chavez and his lieutenants in the Bolivarian Socialist upper command, and will eventually be dragged into some war or another. Do you never learn from history what can happen when you applaud autocratic maniacs like Cristina? Have you no memory of Galtieri's atrocities? Mark my words, the further Argentina slips into the red, towards a Cuba/Venezuela style system, the worse it will get for you. If you don't believe me, just look to Eastern Europe. Places like Albania, Ukraine and Hungary may NEVER recover from what autocratic socialists much like Kirchner did to them.
You've been warned. Light your fire, and you'll burn in it.
7 fermin
Apr 17th, 2012 - 02:30 pm - Link - Report abuse 0Argentina couldn't wait to off-load YPF to anybody and Repsol took the hook! Prices capped at 42 U$D per barrel when the world price was over 100 U$D AND then you blame Repsol for no investmest? Ha ha ha.
AND, WhoTF are the “Argentine scientists and technics that worked on YPF”? Are these the numbnuts who can't operate the wells? Or the ones who know fcuk all about fracking?
Deluded morons all of you.
Wait until you have no oil coming out of the ground, so no petrol unless you buy it from abroad AND WTF is going to trust you bunch of thieves?
Don't worry about the soy - you won't be able to reap it, dry it and transport it without fuel. So no food either!
ARGENTINA WINS AGAIN!!!!!!
argentinas friends are now down to single numbers,
Apr 17th, 2012 - 02:42 pm - Link - Report abuse 0she is losing friends quicker than a quick-fit-fitter?
@11
Apr 17th, 2012 - 03:52 pm - Link - Report abuse 0Venezuela, Cuba, North Korea & Iran. Party on...
Time for an “arab” autumn in Argentina.
Apr 17th, 2012 - 04:54 pm - Link - Report abuse 0The 51% didn't vote for this they voted for the same. Shame there is no opposition to tell them the same wasn't possible due to costs!
@ 6 lovely, you are a fighter for REPSOL. I hope they will give you some money for this :)
Apr 17th, 2012 - 05:09 pm - Link - Report abuse 0@ 10 another fighter for REPSOL. Keep it up :)
This dispute will cause a great upset to the people of Spain for many years to come. The current Argentine leadership has again been successful at alienating another nation. I wonder who will be next - thier credit rating is already B3 and falling...
Apr 17th, 2012 - 05:21 pm - Link - Report abuse 0NOT A GOOD PLACE TO DO BUSINESS.
14 xbarilox
Apr 17th, 2012 - 10:34 pm - Link - Report abuse 0Come come, have you no sympathy for your descendents .
Think of all the good things you love about Espanola .
.
#1,7,10 Brilliant
Apr 18th, 2012 - 01:33 pm - Link - Report abuse 0#9 “Stealing from Spain is not self-determination”
So Argentina's oil belongs to “Spain” now does it? Thought that one was settled back in the 1820s! What was it Donald Rumsfeld said - its not our fault God put our oil under other peoples countries....
“There's no way she murdered her trade secretary at a summit in an unmedicated rage”
Probably not seeing as even the haters on here have never mentioned it before, I know if Cameron or Blair had done such a thing I'd never stop using it against them!
17 British_Kirchnerist
Apr 18th, 2012 - 06:58 pm - Link - Report abuse 0Haven't the people in the white coats come round for you yet?
Never-mind, your mind gets on everybody elses mind, but who minds really?
I'm not the one raving on about a murder at a summit, of one government member by an another no less, that no-one else has ever heard of...
Apr 18th, 2012 - 09:44 pm - Link - Report abuse 0Commenting for this story is now closed.
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