Argentina

• Wednesday, April 18th 2012 - 01:05 UTC

  Bolivia’s Morales takes distance from YPF/Argentina conflict and praises Repsol

  

  Bolivian president Evo Morales clearly took distance from Argentina’s expropriation of YPF, the Argentine affiliate of Spain’s Repsol which was announced on Monday and caused a major rift between Argentina and Spain and the European Commission.

• Wednesday, April 18th 2012 - 00:54 UTC

  Letter on identification of Argentine soldiers buried in Falklands sent to the Red Cross

  

  Malvinas conflict next-of-kin commission sent a letter to the International Red Cross expressing their position regarding the request from President Cristina Fernandez for that organization to help with the identification of soldiers’ remains buried in the Falkland Islands Argentine cemetery.

• Tuesday, April 17th 2012 - 21:41 UTC

  IMF says investment climate in Argentina unpredictable; EC cancels bilateral meeting

  

  The European Commission called off a meeting with officials in Argentina after President Cristina Fernández revealed plans to expropriate 51% of YPF from its mother corporation Spain’s Repsol.

• Tuesday, April 17th 2012 - 07:07 UTC

  Mexico appeals to CFK: nobody in its right mind invests in countries that expropriates

  

  Mexican president Felipe Calderón and G-20 group head, said that Argentina’s plan to seize a majority stake in Repsol’s Argentine branch YPF is “very regrettable” and called on President Cristina Fernandez to reconsider and rectify the decision.

• Tuesday, April 17th 2012 - 06:58 UTC

  Chavez supports nationalization of YPF; offers Venezuela’s experience in the matter

  

  Argentine president Cristina Fernandez received late Monday the first international support for her announced takeover of YPF from the Spanish corporation Repsol: the Venezuelan government and President Hugo Chavez, revealed the Foreign Affairs ministry.

• Tuesday, April 17th 2012 - 03:38 UTC

  US on YPF takeover: ”Having an open competitive market is a preferable model”

  

  US Secretary of State Hillary Clinton said Argentina will have to justify and assume the responsibilities of its decision regarding the YPF dispute between Argentina and Spain, but at the same time defended models that include competition and market access.

• Tuesday, April 17th 2012 - 03:12 UTC

  EC supports Spain and warns YPF expropriation can seriously damage business climate

  

  The European Community strongly supported Spain and oil corporation Repsol saying that the expropriation by Argentina of YPF is “a very negative signal” for investors and could seriously damage the business climate of the country.

• Tuesday, April 17th 2012 - 03:03 UTC

  YPF takeover: “Dreadful decision for Spain, for Argentina and terrible for legal security”

  

  The Spanish government condemned Argentina’s announcement over the expropriation of YPF, calling it a “discriminatory” and “arbitrary” decision, and stated that it will adopt any measures deemed necessary to defend the interests of Repsol and every other Spanish company.

• Monday, April 16th 2012 - 21:48 UTC

  Argentina sends bill to takeover control of YPF from Spain’s Repsol

  

  Argentine President Cristina Fernández de Kirchner sent to Congress a draft bill to expropriate Spain’s Repsol’s holdings of YPF oil and gas company. The announcement was made on Monday at the Government House during a sudden meeting with officials, political leaders, unionists and businessmen.

• Monday, April 16th 2012 - 06:49 UTC

  Timerman says summit left “a very positive balance” for Argentina

  

  Foreign Minister Héctor Timerman indicated that Argentina’s participation in the 6th Summit of the Americas “left a very positive balance,” and stressed on the importance of the bilateral meeting between President Cristina Fernández and US president Barack Obama.