After the expropriation of 51% of the shares of YPF, Spain reiterated its anger for the Argentine government’s decision. This time was the Foreign Minister Jose Manuel Garcia-Margallo, who assured that “there won’t be viable any agreement between the EU and Mercosur while Argentina does not comply with International laws.”
José Manuel Soria, Spanish Industry Minister, said today through media statements that “there will be more action against Argentina” for the expropriation of 51% of YPF, which was owned by Repsol. The European country had already decided to limit imports of biodiesel produced in Argentina.
As a form of retaliation to the bill of expropriation of YPF being discussed in Congress, the Government of Spain announced that it will reduce imports of Argentine biodiesel.
Jaime García-Legaz, Secretary of State for Trade of Spain, announced that “the issue [of the expropriation of YPF] would be brought to this meeting because Argentina’s decision is ‘contraryhead on’ the principles of the G20″.
The nationalization of YPF would have consequences on the bilateral trade between Spain and Argentina.
According to Spanish media published the Government of Spain would be willing to make a boycott of meat and soy in Argentina if nationalize YPF. The European Union has “no tools” to support the government Iberian. The Foreign Ministry of Argentina considered that the Spanish defense is “an exaggeration”.
Vice President of Spain, Soraya Sáenz de Santamaría, said that they are “not aware” of a process of nationalization of YPF by the Argentine government, but warned that if it happens, her government will “take appropriate decisions.”
All large print Spanish newspapers reflected the dispute filed by the Spanish government to the Argentine for rumors of nationalization of YPF. All advocate the position of the Spanish Repsol.
According to the Spanish Ministry: “The foreign minister, Juan Antonio Garcia-Margallo, summoned this morning the Ambassador of Argentina in Spain, Carlos Bettini, to show in the next few hours his ‘concern’ about the possible decision of President Cristina Fernandez de Kirchner to expropriate YPF, Repsol’s subsidiary in Argentina. “
Spanish Industry Minister Juan Manuel Soria, said the government will come out in defense of Respol if Argentina tries to nationalize YPF.
After the national strike that disrupted the activities in Spain, President Mariano Rajoy decided to continue with his economic policies and announce the biggest cut since the return of democracy to that country: 27,000 million euros.
Playing with 3° degrees below zero, the team led by Guardiola could not discount the advantage of seven points that the Real Madrid has in the Spanish League since they lose against Osasuna for 3-2, with two goals scored by Lekic and one of Garcia. The goals for Barcelona were scored by Sanchez and Tello.
The rating agency Standard & Poor’s downgraded the debt ratings of France, Austria, Malta, Slovakia, Slovenia, Italy, Spain, Portugal and Cyprus, and deepened the financial crisis.
The new minister of Economy of Spain, Luis de Guindos, said the country will have “negative growth” in the last quarter of 2011 and the first of next year, ie recession.
Barcelona won the second World Club’s Championship title by defeating Santos of Brazil by 4-0 in Japan and demonstrated superiority to the null and void left by the Brazilian team’s opportunities.
In the first set, Del Potro beat Nadal and won 6-1. In the second, and with a break, the Spanish prevailed for 6-4. Argentina needs to force the point to go to the fifth.
David Nalbandian and Eduardo Schwank defeated the Spanish duo formed by Feliciano Lopez and Fernando Verdasco by 6-4, 6-2, 6-3, and gave air to Argentina in the dispute over the Davis Cup.
“Tito” Vazquez announced in a press conference, the list of players who will travel to Spain for the final quest for the silver bowl.
More than 200 thousand outraged demonstrated today in the capital of Italy. They also defended when masked groups threw stones, flares and firecrackers against them. The outraged warned that they had not caused the riots, but argued that this group of violent opportunists created fear.
September 8, 2011 The two major parties, the PP and PSOE managed to pass this day a constitutional amendment that would impose precise limits on the deficit. Clear signal to the markets. ”Los indignados” call for new manifestations in protest. Lawmakers voted 316 in favor and 5 against the constitutional reform, so that the motion easily achieved three-fifths of support required. However ten legislators from smaller parties in disagreement left the session before the vote. In the midst of economic and political crisis, minority groups and “los [...]
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