Foreign Affairs minister Jose Manuel García-Margallo assured that the Spanish government “is doing what must be done” to defend the interests of Spanish companies in Argentina, but has avoided releasing details.
Argentina has the cash reserves to make a tender offer for Repsol-YPF SA local unit, the country’s largest energy company, and will likely put further pressure on the industry to boost output, has stated Barclays Capital.
The Buenos Aires media revealed late Tuesday that Antonio Brufau, CEO from Repsol-YPF, which has a dominating position in the oil and gas market in Argentina met with top officials from the President Cristina Fernandez administration.
Vice President Amado Boudou brushed aside ‘Repsol-YPF nationalization rumours’ and said Argentina is interested in oil companies that make long term investments and don’t fall prey of short term financial profits.
The rumours of a constitutional amendment in Argentina which could include a re-re-election review privileging a possible third consecutive mandate for President Cristina Fernandez have again resurfaced and this time by a close confident of the Kirchner family.
The UK is taking advantage of the diplomatic conflict escalade with Argentina over the Falkland Islands sovereignty dispute to distract public opinion from serious domestic problems such as unemployment, said Argentine Vice-president Amado Boudou.
President Cristina Fernandez would need a third term in office to complete her transformation of Argentina, her vice president said Thursday, feeding her opponents’ fears that the newly re-elected leader will try to change the constitution and stay in power beyond 2015.
The French newspaper Le Monde dedicated last week ample coverage to the son of Argentine President Cristina Fernandez, Maximo Kirchner, 34, who has a growing influence in her mother’s administration given his double condition as ‘favourite son’ and leader of a youth group La Campora which he founded and is moving full steam ahead.
In his last public appearance as Argentine acting President, Vice-President Amado Boudou announced on Tuesday the figures of 2011’s fiscal surplus and gave a strong defence of the Kirchner economic inclusive development model.
The Argentine government ratified it won’t postpone the new legislation on imports as requested by local business leaders and minimized the current conflict with Brazilian industrialists who have bitterly complained about the new restrictions.