Tag: Spain

• Wednesday, April 18th 2012 - 22:56 UTC

  EC and Italy call on Argentina to fulfil its international commitments

  

  European Commission Vice President Antonio Tajani addressed Argentina's plan to expropriate 51% of the 57.43% share-package Spanish ran Oil Company Repsol owns, during a speech at the European Parliament on Wednesday. From Rome Italy also voiced its concern with events regarding YPF and trade restrictions.

• Wednesday, April 18th 2012 - 08:15 UTC

  “Argentina has just shot itself in the foot” warns Spain Foreign minister

  

  Spain’s Foreign Minister José Manuel García-Margallo warned on Tuesday that “Argentina has just shot itself in the foot” as the expropriation of YPF oil and gas company might lead to “a break- up with both Spain and the international community.”

• Wednesday, April 18th 2012 - 08:10 UTC

  Hague expresses deep concern over the YPF case and promises support for Spain

  

  British Foreign Secretary William Hague said he was “very concerned” at President Cristina Fernández announcement to expropriate YPF, a decision he believes “goes against all the commitments Argentina has made in the G20 to promote transparency and reduce protectionism.”

• 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.

• 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.

• Sunday, April 15th 2012 - 21:56 UTC

  YPF dispute in calmer waters: Argentina yields and Repsol CEO calls for dialogue

  

  The CEO from Spain’s main oil corporation Repsol, Antonio Brufau said that there should be no speeches or attempts to impose, but rather more dialogue, in direct reference to the ongoing conflict with the Argentine government over the possible takeover of the YPF branch.

• Sunday, April 15th 2012 - 05:31 UTC

  Spain feels conflict with Argentina over YPF “seems to be getting back on course”

  

  In the last 48 hours “things seem to be getting back on course” said on Saturday Spain’s Minister of Industry Jose Manuel Soria in reference to the ongoing conflict with the Argentine government over the possible take over of YPF, the Argentine affiliate of Spain’s Repsol.

• Saturday, April 14th 2012 - 06:48 UTC

  YPF dispute: Argentina runs the risk of becoming an ‘international pariah” warns Spain

  

  Spanish officials warned Argentina on Friday that the country risks becoming “an international pariah” if it follows through on its threats to take control of Spanish-owned energy company Repsol's majority stake in its YPF unit.

• Wednesday, April 4th 2012 - 04:04 UTC

  Spain with no relief: record unemployment and soaring national debt

  

  Spain says its national debt will spiral sharply higher this year as data showed unemployment hit a record high in March, complicating efforts to stabilise the country's strained finances.