The nationalization of YPF, seized from Spain’s Repsol by Argentine president Cristina Fernandez is again a source of controversy following the disclosure by an investigative journalist that the Spanish oil corporation in 2003 helped finance the presidential election of Nestor Kirchner as well as the other candidate in the run-off, Carlos Menem. Read full article
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Obvious corruption is obviousJun 30th, 2012 - 05:21 am - Link - Report abuse 0
well... well.. no real suprise there.Jun 30th, 2012 - 09:57 am - Link - Report abuse 0
Its like in America where the same corporations fund the Democrat and Republican candidates, so that they have leverage over whoever wins. Except in this case it didn't work in the end =) Also the allegation that Nestor supported Menem's extensive privatisation in the 90s seems dubious; as a Governor he might have had to deal with the consequences in a practical way, but his wife was a well known anti-Menem rebel in Congress and the SenateJun 30th, 2012 - 10:43 am - Link - Report abuse 0
I wonder if it was delivered in cash like the U$ 5MM from Chavez. All going for naught now as the country falls quickly into depression.Jun 30th, 2012 - 12:54 pm - Link - Report abuse 0
Click Click Click...are those patacones I hear printing?
Is the heat on?
3 British_Kirchnerist (#)Jun 30th, 2012 - 03:00 pm - Link - Report abuse 0
Statement by Governor Nestor Kirchner in the 90's:
Carlos Menem is the best President ever of our country
Lawmaker Cristina Fernandez de Kirchner supports the privatization of YPF in Congress.
That's where their second fortune came from, the US$300 million that disapeared.
I think that it was $500, not $300.Jun 30th, 2012 - 05:02 pm - Link - Report abuse 0
Do you think they could ask for their cheque back?Jun 30th, 2012 - 05:59 pm - Link - Report abuse 0
After the Reposol nationalization CFK stated in a speech that she did support privatization of YPF. In the early 90s prior to privatization YPF lost over 3/4 of billion dollars in one year, still a record for any state oil company with a monopoly position in a oil producing state.Jul 01st, 2012 - 05:23 am - Link - Report abuse 0