MercoPress. South Atlantic News Agency
Spain now tells Argentina “YPF is no more than a bump” in a long shared history
Spanish Foreign Minister José Manuel García-Margallo adopted on Wednesday a conciliatory tone towards Argentina for the first time after the YPF seizure by saying Argentina and Spain should hold “kindred nation” talks. Read full article
Comments
Disclaimer & comment rulesWhat a humiliating climbdown for the Spanish. Just roll over and let them give you one in the rear. Spain are the equivalent of a beaten wife who forgives their partner in the hope they will change.. Fat chance!
May 24th, 2012 - 05:29 am - Link - Report abuse 0Britain has no friends in SA, and soon they have no friends in Europe either. That's the “good” thing with Europe, they only follow ca$h, wherever it might be.
May 24th, 2012 - 05:38 am - Link - Report abuse 0Nobody want Spain any harm, and Repsol wasn't contributing anything to improve Spain's wealth. The Spaniards are, as usual, welcome to our lands in their time of crisis, as they were yesterday and tomorrow as well, if need be. Our only hope is that they don't forget (again) the day we are in need of them.
@ 2 Guzz
May 24th, 2012 - 06:28 am - Link - Report abuse 0You cannot seem to decide whether you are Uruguayan or Argentinian offering the Spaniards 'our lands in time of crisis'.
I thought really they were the South American indians land until the Europeans massacred them and expropriated it.
As for Britain ;it was wise enough not to get involved with the Euro as they could foresee this crisis ten years ago.Several of the European politicos of 10 years ago who signed up to it are now saying how they wished they had not.
The point is that this is a dispute between Repsol and the Argentine government - not Spain. You could equally argue that Spain is stepping away from claiming any culpability for the pending kick in the nuts Repsol is about to swing into the groin of the Argentine government.
May 24th, 2012 - 06:37 am - Link - Report abuse 0It's simply not their fight.
I am a human being, Latin American, and Uruguayan, in that order. I'm not so sure the euro is the problem, I think it's whom you trade with and not in what currency you trade in. Of course, the Euro has seen better days though :)
May 24th, 2012 - 06:38 am - Link - Report abuse 0Guzz, wins the comedy award once more.
May 24th, 2012 - 06:53 am - Link - Report abuse 0“Britain has no friends in SA, and soon they have no friends in Europe either. That's the “good” thing with Europe, they only follow ca$h, wherever it might be.”
Wrong again and tragically wrong at that. If Europe follows the cash then do you not think that given the UK is the 2nd/3rd largest economy in Europe and 6th largest in the world, Europe may consider the UK a friend?
Also again you are trying to speak on behalf of SA again, yet you speak for nobody other than your bitter and twisted self.
The Spanish as ever are acting cowardly and letting the tail wag the dog but then its unsurprising given they are on the edge of financial melt down and could really do with Argentina not stealing anymore of their companies. They also have a history of rolling over which is really no different than a great deal of SA countries who pander to Argentine bullying.
“Repsol wasn't contributing anything to improve Spain's wealth”
Wrong again. The more profits the company makes the more tax it pays and not only that the more Spanish people it employes. So yes Repsol was and is contributing to Spanish wealth although of a smaller amount now they've lost a large proportion of their earning potential.
Xect
May 24th, 2012 - 07:11 am - Link - Report abuse 0You need not to check the stands, but more where the curves are pointing :)
UK was overtaken by Brazil as the worlds 6th economy back in december, and now prouds itself as the worlds 7th economy.
And no, not many multinationals pay taxes in their home nations, either they leave them because of taxes, or they make the expenses surpass the incomes on the papers to avoid taxing...
You are correct about Brazil overtaking the UK although official figures aren't yet published.
May 24th, 2012 - 07:16 am - Link - Report abuse 0Regarding multinationals they certainly pay taxes to home nations but they also withdraw profit usually back into the main company/group which Repsol have been indeed doing which actually was the argument the Argentine government was making for taking over YPF.
So yes Repsol was and is indeed increasing Spanish wealth on a number of levels although to a lesser extent now Argentina has stolen YPF.
I know for a fact that Volvo didn't pay taxes in Sweden between 1990-2002, claiming their expenses surpassed their incomes. I can't really speak about Repsol, as I don't know the actual numbers, but my guess is that neither do you. Hence, it's possibility vs possibility...
May 24th, 2012 - 07:26 am - Link - Report abuse 0I'm actually going off the numbers produced by the Argentine government so its quite a certainty that it is true.
May 24th, 2012 - 09:00 am - Link - Report abuse 0The whole point of building groups of companies is to remove profit.
In an ideal world you write off as much profit as possible to avoid paying tax on the profits and one step that is even better is to try and achieve a paper loss so you can reclaim tax however large multinationals simply can't or shouldn't be allowed to hide that much profit.
So in this instance either Repsol were withdrawing profit (which is perfectly reasonable and expected) or the Argentine government were lying. I actually and fully expect profit Repsol were withdrawing profit and investing in YPF within the contract expectations but were nationalised anyway.
Garcia Margallo should will try singing to CFK “Please Don’t Go”
May 24th, 2012 - 09:33 am - Link - Report abuse 0http://www.youtube.com/watch?v=60fqp2rLUR4
I recommend for KaMoron “Living On My Own”
http://www.youtube.com/watch?v=60fqp2rLUR4
Sometimes I feel I'm gonna break down and cry
Nowhere to go nothing to do with my time
I get loooonely so loooonely living on my own.
[Bass sequencer kick, arpeggio.... and there you go]
Come on baby!!!!...
Sometimes I feel I'm gonna break down and cry
Nowhere to go nothing to do with my time
I get lonely so lonely living on my own.
Sometimes I feel I'm always walking too fast (so lonely)
And everything is coming down on me down on me
I go craaaaaazy oh! so crazyyyy living on my own... La la la
again yesterday the Royal navy patrol boat was in a stand of, woth spannish fishermen, backed by the spannish police and a helicopter,
May 24th, 2012 - 01:25 pm - Link - Report abuse 0again the spannish complain about argentina flouting the law, thent flouts the bloody thing themselve,
we dont like the spannish, but we are not you, and you can do as you wish,
for we may be concieved as weak,
but soon someone mayby will have to find out just how weak we are,
now who will it by,
Special EU member state territories includes Spanish Canary Islands amongst other member states (Denmark, France, Netherlands, UK): http://upload.wikimedia.org/wikipedia/commons/7/72/EU_OCT_and_OMR_map_en.png
May 24th, 2012 - 03:22 pm - Link - Report abuse 0Guzz,
May 24th, 2012 - 06:36 pm - Link - Report abuse 0Keep taking the drugs. The UK has plenty of friends in both Europe and South America .. far more than the rancid little backwards shithole they call Argentina does.
Comment removed by the editor.
May 24th, 2012 - 06:39 pm - Link - Report abuse 0sadly argentina is going backwards,
May 24th, 2012 - 06:51 pm - Link - Report abuse 0brazil in the only interest in that part of brazilion south america,
Guzz,
May 24th, 2012 - 07:23 pm - Link - Report abuse 0Why do you hate the British so much, we have nothing against Uruguay. In fact Uruguay could benefit financially from closer relations with the UK and the Falkland Islands.
I don't hate the British, as I previously stated, I know quite a few in England. Good People, steady as few. Quite sarcastic at times, some of them. Otherwise they are like every people else in the world...
May 24th, 2012 - 07:39 pm - Link - Report abuse 0I don't want your money, you fail to realize that I've stopped chasing your dreams long time ago...
@Guzz
May 25th, 2012 - 06:27 am - Link - Report abuse 0Yes little Nazi boy, countries like Norway .. and indeed Sweden and in fact like just about every country in Europe. Even Spain you see, because the fact that we disagree with Spain about Gibraltar barely even creates a ripple in the UK's relations with Spain.
No run along and play with your ridiculous and oh so transparent multiple personalities, you sad deluded little cretin.
Good news for Argentina, and Spain actually, bad news for the haters =)
May 27th, 2012 - 08:53 pm - Link - Report abuse 0Commenting for this story is now closed.
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