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EU parliament deplores YPF seizure; calls for an end to Argentina trade preferences

Saturday, April 21st 2012 - 07:13 UTC
Full article 28 comments

The European parliament ‘deplored’ the Argentine government decision to expropriate a majority control in the YPF hydrocarbons corporation - which is owned by Spanish energy company Repsol- and called for the suspension of Argentina's tariff concessions under Europe's so-called generalised system of preferences (GSP). In a resolution, the House also urges Argentina to ”return to the path of dialogue and negotiation”. Read full article

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  • reality check

    Tick, tick, tick, tick, tick,tick,tick. Hear that. Thats the clock counting down.

    Apr 21st, 2012 - 07:38 am - Link - Report abuse 0
  • Conqueror

    Let's go with “reciprocity”. For every “measure” the argies put in place, let's have the EU put a similar anti-argie measure in place. Cancel the EU/Mercosur trade talks until argieland is forced out of that organisation. And, in the meantime, a total consumer boycott of all argie goods!

    Apr 21st, 2012 - 09:44 am - Link - Report abuse 0
  • Alexei

    @2 I've operated a total consumer boycott of all argie goods for many years now :)

    Apr 21st, 2012 - 11:01 am - Link - Report abuse 0
  • British_Kirchnerist

    This shows why the free market is profoundly anti-democratic. If business requires “legal certainty”, where does that leave the democratic legislative process?!

    Apr 21st, 2012 - 11:05 am - Link - Report abuse 0
  • Be serious

    “EU parliament deplores YPF seizure; calls for an end to Argentina trade preferences”.

    That should take about 10 years to implement.

    This is Spics squabbling with Spics -Let them get on with it.

    Apr 21st, 2012 - 11:09 am - Link - Report abuse 0
  • xbarilox

    This is so funny, all these threats. I think the government should seize everything that can be seized. And the British posters still waiting in vain, like vultures hahaha

    Apr 21st, 2012 - 12:51 pm - Link - Report abuse 0
  • ChrisR

    6 xbarilox

    Had a head transplant xbarilox?

    Or, like The One with 666 on him, are you loosed out for a few months until the sensible version comes back?

    Apr 21st, 2012 - 02:58 pm - Link - Report abuse 0
  • aussie sunshine

    Too much talk and not enough action from the EU.

    Apr 21st, 2012 - 02:59 pm - Link - Report abuse 0
  • tobias

    @4

    Well of course the free-market is anti-democratic. It does not grant everyone equal results. It should grant everyone equal chances if you have work ethic or good ideas.

    What people in Argentina refuse to understand is that the only way to create a wealthy country is free-markets (NOT BANK CAPITALISM, which is what we saw the last 20 years, a failed anglo-saxon model). The original concept of free-market was mercantilism, based on Italian rennaissance trading and economic ideals, and later refined by other thinkers in Italy, France, England, Germany, etc.

    The reason free-markets create wealth is because it quite simply takes advantage of human emotions, not because it is a superior system. You work harder, faster, and with more creativity when there is a reward, prize, or self-interest for you. They are not fair however: if you don't like to work, have no motivation, or simply can't because of phyisical or mental handicap, you will be left by the wayside. That's the truth.

    Socialism and it's more extreme form communism take away self-interest. You will get what you will get (housing, food rations, etc) whether your work hard or not. And that's why you see communist countries end up producing very little. You have no incentive to work harder, so why work harder?

    When you clean the dishes, you are much more careful to not dirty them right? But when your wife or mom cleans the dishes, you don't care as much... that's just human nature. Capitalism uses those emotions. Socialism tries to repress them.

    Socialism also depends on people being honest 100% of the time so that wealth and resources are not stolen or misused. Humans being 100% honest is quite a challenge.

    Populism is just short term. Populism can use capitalism when it needs to, socialism when it needs to. The problem is it makes it a very unstable unrealiable system because then the economy is totally up to what politicians want... and politicians all want one thing: to be reelected.

    Apr 21st, 2012 - 03:46 pm - Link - Report abuse 0
  • Malvinero1

    EU parliament deplores YPF seizure; calls for an end to Argentina trade preferences
    AHAHAHAHAHa Who cares! EU?? 25 millions unemployed..
    NO problem to sell Argentina products..There are plenty of costumers...
    Too much talk and not enough action from the EU
    And what are they going to do? repsol has to pay money to Argentina.Already there are penal actions against repsol.....
    https://docs.google.com/document/d/1Y3ELMgZ9WDELzqr4QYgKyvLviHvBQQZef1oaFxdJwgQ/edit?pli=1#

    France’s Total agrees to further increase natural gas production in Argentina
    https://docs.google.com/document/d/1Y3ELMgZ9WDELzqr4QYgKyvLviHvBQQZef1oaFxdJwgQ/edit?pli=1#

    Apr 21st, 2012 - 05:14 pm - Link - Report abuse 0
  • briton

    The Spanish navy left port this morning,
    Lucky for you Argies, it was just going to fill up,

    Ooohhhh next time .
    .

    Apr 21st, 2012 - 05:20 pm - Link - Report abuse 0
  • PirateLove

    Whatever we come up with to hurt Argentina is pointless as Argentina hurts itself 100 fold more than we ever could...........cue RIOTS!!!

    Apr 21st, 2012 - 05:37 pm - Link - Report abuse 0
  • Alexei

    @10 There are 800 million people in the EU, 25 million unemployed equates to approximately 3%. The situation in Argentina is far worse, and the unemployed in Europe are taken care of, unlike those miserable souls unfortunate enough to find themselves down and out in Argentina, God help them.

    Apr 21st, 2012 - 06:09 pm - Link - Report abuse 0
  • briton

    @10
    rather than spending your used energy insulting all the briliant brits,
    why not use your energy against CFK and get her removed.

    Apr 21st, 2012 - 08:49 pm - Link - Report abuse 0
  • Malvinero1

    10 There are 800 million people in the EU, 25 million unemployed equates to approximately 3%. The situation in Argentina is far worse, and the unemployed in Europe are taken care of, unlike those miserable souls unfortunate enough to find themselves down and out in Argentina, God help them
    AHHAHAHAHHAHAHAHHAAH!
    Who said that? Alexei?
    Arg,Unemployment 7.2% (2011 est.)
    Spain 20.8%
    Spain

    Strange,that 45000 Spaniards inmigrated to Argentina last year.....
    ARGENTINA IS FINE,IGNORANT!
    UK is FINISHED !!!!!!!!!!!!!!!!!!!!!!!!
    http://www.youtube.com/watch?v=XbLfje8_jgI
    UK economy much bigger problem than Greece
    http://www.youtube.com/watch?v=XbLfje8_jgI
    Name the country whose economy despite the global recession nevertheless expanded 9.2 percent in 2010 and has kept growing in 2011 at an annual rate of about 8 percent.

    Still unsure? The nation defaulted on part of its external debt, roughly $93 billion, at the beginning of 2002 after undergoing three years of brutal recession.

    Argentina, Latin America's third largest economy. Quite a turnaround in nine years, when the nation quickly became a pariah state, foreign investment fled the country, and capital flow towards Argentina ceased almost completely. The government then decoupled the Argentine peso's parity with the U.S. dollar, tanking its value, depleting the Central Bank's foreign
    http://www.youtube.com/watch?v=XbLfje8_jgI
    Argentina poised for shale oil and gas boom
    http://www.youtube.com/watch?v=XbLfje8_jgI
    AHAhaha bye bye loser!

    Apr 21st, 2012 - 08:59 pm - Link - Report abuse 0
  • Britninja

    Poor poor deluded Malvi - destined to be reincarnated in his next life as an STD.

    Apr 21st, 2012 - 10:55 pm - Link - Report abuse 0
  • Malvinero1

    Poor poor deluded Malvi - destined to be reincarnated in his next life as an STD.
    HAHAHAHAHAAHa,who cares comming from a country for the past.....
    We are the FUTURE,loser!

    Apr 22nd, 2012 - 01:25 am - Link - Report abuse 0
  • Clyde15

    If Argentina is the future, God help the planet !!!!!!
    Or, as Malv. would say
    HaHAhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahhahahahahahahahahahha or blablablabla- either makes as much sense.

    Apr 22nd, 2012 - 09:26 am - Link - Report abuse 0
  • Stefan

    @17 - “We are the FUTURE,loser!” That's the funniest crap I've ever read on this site. Thanks for that laugh, Malverino.

    Apr 22nd, 2012 - 03:22 pm - Link - Report abuse 0
  • briton

    @17 - “We are the FUTURE,loser
    we concur .

    Apr 22nd, 2012 - 07:51 pm - Link - Report abuse 0
  • BenC30

    @15/17. The EU, US, Canada, Australia, New Zealand and Japan condemned the nationalisation of YPF. Argentina continues to isolate themselves. There are roughly 1005,500,000 people living in the above mentioned states. If Argentina does not value trade between any of the above then continue on the crazy route of nationalisation... but Argentina it will ultimately regret it!

    Please don't compare the UK to countries that actually use the Euro. You just make yourself look foolish! The British Pound is at a nineteen-month high against the Euro and the UK still has it's AAA rating!

    Apr 22nd, 2012 - 10:02 pm - Link - Report abuse 0
  • British_Kirchnerist

    #9 I was talking specifically about how the very formal structures of democracy, the election of representatives to make laws, are undermined by the free market desire for “legal certainty”, such undermining of democracy has reached such a state in Britain and Europe that all the mainstream parties have basically the same policies; thats why we're now seeing voter revolts like the one which elected Galloway. But your wider point is awfully bleak; do you really think it is either impossible or undesirable for human societies to look after the week, the sick, etc?! Thankfully your President is more progressive than you =)

    Apr 23rd, 2012 - 08:45 am - Link - Report abuse 0
  • reality check

    George Galloway Respect Party UK.
    Number of Respect Party members 1, George Galloway.
    Some voter revolt.

    Apr 23rd, 2012 - 08:59 am - Link - Report abuse 0
  • British_Kirchnerist

    Yes, just one MP, in one out of 650 seats, yet his margin of victory over ALL his opponents COMBINED was equal to the ENTIRE population of the Falklands who you and your paper the Sun are now saying should have sole control of a billion barrels of oil - hows that for a reality check?!

    Apr 23rd, 2012 - 09:36 am - Link - Report abuse 0
  • Malvinero1

    @17 - “We are the FUTURE,loser
    we concur .
    AHAHAHAHA,uk IS FINISHED! PLus uk will be obliterated......PAY BACK TIME..
    COMBINED was equal to the ENTIRE population of the Falklands who you and your paper the Sun are now saying should have sole control of a billion barrels of oil - hows that for a reality check?!
    Sure the have no rigth,It is just pure PIRACY from EU,but,EU,is loosing steam.....Brazil already surpassed uk,Spain,very soon France...EU influence is diminishing...

    Apr 23rd, 2012 - 01:39 pm - Link - Report abuse 0
  • reality check

    Well if it's in the Sun, shit it must be true. As for Galloway, I think the Monster Raving Loony Party have more members than is Respect party. Their manifesto certainly makes better reading.

    Apr 23rd, 2012 - 02:12 pm - Link - Report abuse 0
  • ChrisR

    24 Scottie_Kirchnerist

    You would not know reality if it came up behind you and bit your arse.

    Still taking the English money then?

    Apr 23rd, 2012 - 03:59 pm - Link - Report abuse 0
  • British_Kirchnerist

    Even the SWP is about the same size as the Falklands population, and they really are loony left =)

    Apr 23rd, 2012 - 04:00 pm - Link - Report abuse 0

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