MercoPress. South Atlantic News Agency
Cristina Fernandez “not concerned” about international reaction to YPF takeover
Abal Medina said Spain is looking for scapegoats overseas for its terrible economic situation The government of President Cristina Fernandez is “not concerned” about the escalade of international criticism following the announced nationalization of the oil company YPF, and rules “thinking in Argentina not in Spain or the US”, said two cabinet members.
Cabinet Chief Juan Manuel Abal Medina said the government “is not concerned” about the impact the government’s decision of expropriating YPF is having in some European Union countries and the United States. Likewise, the Minister remarked that considering Spain’s current economic crisis, it is “quite normal” to see them trying to find scapegoats overseas.
During an interview with a Buenos Aires radio, Abal Medina emphasized that the administration of President Cristina Fernández is seeking to have “an energy company capable of producing more oil and more gasoline instead of big fancy petrol stations that look like shopping-malls”.
Furthermore, the official stressed that in spite of criticisms “what should really matter and be pointed out is that until this historic decision, Argentina did not have a national oil company like most of the countries do”.
He added Argentina was not following any model, “we are after that model which better serves the interests and needs of the Argentines”.
Abal Medina said that taking over a majority stake in YPF from Spain’s Repsol was not an overnight decision, “it has been long planned and if all works out better for YPF, we will all be much better off”.
Interior minister Florencio Randazzo said that the government of Cristina Fernandez rules thinking in Argentina “and not in what Spain or the US are thinking”.
Randazzo added that the government does not expect reprisals for having taken over YPF, “which would be regrettable since Argentina has been acting in the framework of the rule of the law”.
Abal Medina said that contrary to the “international choir” the YPF decision “puts us in the same wave length as what happens in the majority of nations in the world”.
“Those nations that have oil as part of their strategic assets have enterprises with strong state participation and that is the signal of our times” insisted the cabinet chief.
Finally Abal Medina rejected statements from Mexican president Felipe Calderon, pointing out that “Pemex belongs a 100% to the Mexican state” and besides holds a 10% stake in Spain’s Repsol.
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Read all commentsThe child of the Montoneros terrorists is not concerned about an anti-constitutional takeover of a private company, how very strange!!!
Apr 20th, 2012 - 01:09 am 0The legallity of this “expropiation” is very dodgy from a constitutional point of view, there should be a judicial order prior to expropiation, not a decree and the payment of the cost of expropiation must be paid before the takeover of the company not the forced takeover we saw in Bs As yesterday.
Shame on you Kirchneristas.
@ 1 The government is not concerned because that's why you're here, to be concerned :)
Apr 20th, 2012 - 01:32 am 0You and your idiotic countrymen will only be concerned when you find that those few of you with brains enough to dissent the actions of Pero...Galti...Kirchner's regime will be disappearing like the tens of thousands of brave Argentinians who saw through the lies of the previous nationalist scum that ruled you.
Apr 20th, 2012 - 02:00 am 0Again, no Argentine here has explained how doing something that has pissed off a substantial portion of the international community is not going to affect their “coalition” in support of the Falklands.
Also, why would any person from a first-world country accept becoming part of a third-world nation that has a history of killing tens of thousands of its own countrymen, of continual economic collapse (coming ((again)) soon) and shows no sign of changing its pattern of nationalist populist lies.
We are not concerned, we are angry, we are angry that we had to kick your ass before you understood us last time, and that we will probably have to do it again before you understand this time.
Think beyond the nationalist lies you are being told, is there not a single Argentinian who can see where their nation, economy, and freedoms are imminently heading?
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