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Spain says Argentina should follow Bolivia example and pay a ‘fair price’ for YPF

Saturday, May 5th 2012 - 06:35 UTC
Full article 28 comments

Toning down its initial strong reactions to the nationalization of Spanish controlled YPF Spain’s Foreign minister Jose Manuel Garcia Margallo said that Argentina should pay a “fair price” for the oil company citing a similar case in Bolivia this week. Read full article

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  • Think

    More good news............

    May 05th, 2012 - 07:20 am - Link - Report abuse 0
  • Skåre

    When did Argentina ever do anything that was 'fair'? Diego Maradona is the ambassador of the only Argentinian way: CHEATING!!

    May 05th, 2012 - 08:04 am - Link - Report abuse 0
  • Xect

    Argentina won't pay a fair price because it doesn't have the money to do so. So instead it will make up a load of lies about debts, damage to the environment etc etc and pay next to nothing.

    Respol will take it to the ICSID and Argentina will ignore the ruling claiming it was bias or the ICSID doesn't have any jurisdiction within Argentina.

    Argentina will then keep banging on about NON BINDING UN resolutions that have expired whilst ignoring international law.

    May 05th, 2012 - 08:09 am - Link - Report abuse 0
  • MurkyThink

    Maradona is the oil ambassador of Argentina at UAE nowadays.!

    May 05th, 2012 - 08:15 am - Link - Report abuse 0
  • Skåre

    @4 MurkyThink

    I see you still can't write in English, even after all these extra weeks of trolling practice.

    May 05th, 2012 - 08:16 am - Link - Report abuse 0
  • GreekYoghurt

    @3 Is there ruling or treaty that the Argtards haven't ignored?

    May 05th, 2012 - 08:26 am - Link - Report abuse 0
  • MurkyThink

    / 5
    I do not write in English, you can understand my opinions if you have perceptions..don't be numb brain ..force yourself.

    by the way,i saw your comments written in midnight from Norway
    is it insomnia ?

    May 05th, 2012 - 08:41 am - Link - Report abuse 0
  • Skåre

    @7 MurkyThink

    Midnight? You clearly haven't gotten to grips with the world's time zones, you poor tragic retard.

    Maybe this will help you: http://www.infoplease.com/ipa/A0855474.html

    May 05th, 2012 - 09:06 am - Link - Report abuse 0
  • GreekYoghurt

    Spain says “Argentina should follow Bolivia example and pay a ‘fair price’ for YPF”
    Argentina says “No, get furked”
    Spain does absolutely nothing.

    Repeat ad nauseum.

    May 05th, 2012 - 11:10 am - Link - Report abuse 0
  • The Cestrian

    If they pay nothing then its theft. As said earliert though they will come up with some spurious reason why they should pay nothing and then write something into their constitution to back it up. after all if its in the Rg constitution then thats juust fine and dandy - according to them.

    Their constitution is obviously worth fuckall in human and legal terms when it is changed as often as it is.

    It just has no credibility.

    May 05th, 2012 - 12:33 pm - Link - Report abuse 0
  • Pugol-H

    Doesn’t look like Argentina has the money to pay for this winters LPG imports, never mind “a fair price” for YPF.

    May 05th, 2012 - 12:35 pm - Link - Report abuse 0
  • Ahab

    ”He furthered praised President Cristina Fernández de Kirchner for a “decision that will affect Argentina for the next 50 years”.

    I just hope the effect is positive. As the people of the country will suffer, not CFK.

    If the whole thing collapses they have no-one else to blame.

    May 05th, 2012 - 12:46 pm - Link - Report abuse 0
  • ptolemy

    A “fair price?” Are you kidding? Don't worry. Argentina will bury the whole issue under a big pile of nationalistic BS and economic rhetoric over the next six months, until no one understands what they are saying anymore or remembers what they said. It's what they do. It's their MO.

    May 05th, 2012 - 12:53 pm - Link - Report abuse 0
  • Brit Bob

    Lie, cheat, steal the Argentine way.

    May 05th, 2012 - 01:02 pm - Link - Report abuse 0
  • Skåre

    @12 Ahab

    Why shouldn't the people suffer. Any sympathy went out of the window when they re-elected that saggy old fascist whore after it was already glaringly obvious that she was presiding over a deeply corrupt regime that was sending the country down a one-way street to ruin. No-one forced them to vote for her .. and for a change they can't blame it on the junta.

    May 05th, 2012 - 02:39 pm - Link - Report abuse 0
  • Simon68

    15 Skåre (#)
    May 05th, 2012 - 02:39 pm

    I'm sure that we can find a way of blaming the Junta for Kretina being re-elected. It just takes a bit of effort, which we are not very good at.

    But it is definetly somebody elses fault, definetly, it always is.

    May 05th, 2012 - 03:30 pm - Link - Report abuse 0
  • Guzz

    Simon
    Nunca mas, you belong to the past

    May 05th, 2012 - 03:33 pm - Link - Report abuse 0
  • Simon68

    17 Guzz (#)
    May 05th, 2012 - 03:33 pm

    You're so right, I belong to a past when Argentina still had some moral credit in world affairs.

    A past when the great majority of the world's people looked on us as normal and not whining, ridiculous fools.

    A past when our President was looked up to by the people, even those who didn't vote for him. Long live the memory of Raúl Alfonsin and the great days of Argentine Democracy.

    May 05th, 2012 - 03:40 pm - Link - Report abuse 0
  • Brit Bob

    @18

    Very true.

    Unlike the present lot that are looked upon by the free World as a bunch of comedians.

    May 05th, 2012 - 06:31 pm - Link - Report abuse 0
  • Furry-Fat-Feck

    @18 Simon68 (#)
    May 05th, 2012 - 03:40 pm

    Let's hope then that Argentina one day returns to days like these.

    May 05th, 2012 - 07:06 pm - Link - Report abuse 0
  • briton

    Sorry espainya
    Wrong answer
    No disrespect to Spanish supporters,
    But when you show weakness, CFK will show you her back side.
    Perhaps the orange with the juice,
    Is really a prune
    All dried washed up.
    Just a thought

    .

    May 05th, 2012 - 10:30 pm - Link - Report abuse 0
  • Malvinero1

    garcia; repsol is beign sue,for crookish behaviour.repsol will have to pay Argentina for breaching the agreements......Why are you worried garcia?Are there several Spanich politicians involved in the scam?Yes there are....Also some Argentinians politicians.........

    May 06th, 2012 - 01:26 am - Link - Report abuse 0
  • PirateLove

    Ha ha ha ha .......Fair and Argentina in the same sentence... Good Luck with that Mr Margallo....Not a chance in hell.

    May 06th, 2012 - 12:16 pm - Link - Report abuse 0
  • Dorian

    I can see that the above commentators are not familiar with the bigger picture (although I think nothing could modify their frozen opinions of Argentina). YPF was attained by the Spanish for a song, to begin with, then they sold off half of the company. Then they reinvested throughout Latin America, and almost not at all in Argentina. If these don't bother you, then how about the fact that YPF under Repsol borrowed US$8.9 billion, while giving out as much as US$3B a year in dividends? Sounds like asset stripping to me. Repsol has already gotten a fair price for YPF.

    Besides, YPF was a CONCESSION, it was never owned by Repsol. They were supposed to run it properly, and didn't. This was the case of Aerolineas Argentinas and many other concessions handed out under Menem.

    If you want to respond to this, do so properly. I thought the Brits were supposed to be proper, instead of responding to arguments by calling people “moron” or “stupidhead”, which is the typical response I've gotten from this forum. Shame on you.

    May 06th, 2012 - 04:19 pm - Link - Report abuse 0
  • Pirat-Hunter

    People should just Chillax because the Argentine government is already presenting the environmental damage report and locking in the share value as we speak, if we give it more time Argentina could sum up the damages caused by repsol lack of good faith with spain at the international community, like the loss of bio fuel exports to Spain announced recently by the press, All things considered this last act of desperation by repsol in Spain could even the accounts.

    May 06th, 2012 - 07:59 pm - Link - Report abuse 0
  • Ahab

    @15 Skare

    You're exactly right.

    I just don't like seeing people suffer, however deserved, due their ignorance or naivety in buying the governments lies. You can sure that CFK and her cabal of yes men and La Campora thugs won't be feeling the pinch.

    And I'm sure they already have a scape goat prepped and ready, the Easter Bunny, perhaps?

    May 07th, 2012 - 01:32 am - Link - Report abuse 0
  • British_Kirchnerist

    More good news indeed, what a climedown by Spain's crypto-francoist PP government to be implicitly praising Evo Morales and his Movement Towards Socialism for nationalising a Spanish company!

    #18 “A past when our President was looked up to by the people, even those who didn't vote for him.”

    And when the President always was a him? Is that what this is about with you?

    “Long live the memory of Raúl Alfonsin and the great days of Argentine Democracy.”

    I quite like Alfonsin actually, he was neoliberal like the others in his time and his last years were unsuccessful, but his strong line on the junta preceded that of Nestor and Cristina (and stood in stark contrast to Menem). I think he was quite friendly with Cristina in his last years, beyond party politics, am i wrong?

    May 07th, 2012 - 11:44 am - Link - Report abuse 0
  • Simon68

    27 British_Kirchnerist (#)
    May 07th, 2012 - 11:44 am

    In answer to your first question, no the gender of the president has nothing to do with it, what has to do with it is whether the person representing my country is dignified or not, I'm afraid your “queen” is not, she unfortunately is rather worse than her ghastly husband.

    As to your second question I don't thing Don Raúl could stand her.

    May 07th, 2012 - 03:44 pm - Link - Report abuse 0

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