GFP Commentary:
I would read this one with a true joy, and not dreaded that countries will collide because of oil or who owns how much of what we do not need any more...
Just watch how this article can be read as complete destructuring of oil giants like YPF Repsol, based on Argentina's resources [that belong to people of Argentina only, and not some shareholders from EU coroprate elite...] returned to its people by simple act of Nationalization...
Argentina showed tremendous example in financial, political and now in corporate sfheres that It is not afraid of any of these fluke enetieis which controled whloe world by lies and deceptions...
Please, take this one with the smile and joy, knowing this is just a begining of true return of Ownership of the People and not some fake corporate enetities...
WIth Love and Joy, Predrag/Saint Germain
BBC News – Argentina Nationalizes Spain’s YPF Repsol Oil Company – Warning Of Strong Respons Of Spain – 17 April 2012
YPF Repsol: Spain says Argentina shot itself in foot
Spain has said Argentina shot itself in the foot with its decision to nationalise the Spanish majority stake in the YPF oil company.
Foreign Minister Jose Manuel Garcia-Margallo said he had warned the Argentine ambassador of damage to relations between the two countries.
The majority stake in YPF is owned by Spanish oil firm Repsol, whose shares fell by 6% in Madrid.
The nationalisation alarmed investors but is said to be popular in Argentina.
Repsol has vowed to demand compensation, saying it could seek international arbitration over its 57% stake in YPF.
Continue reading the main story
Analysis
Tom BurridgeBBC News, Madrid
The rhetoric shows that there is real anger in Madrid but the best course of action for Spain's government now is less clear.
It will want to send a signal to Buenos Aires to show that its plan to take over Repsol's stake in YPF is not acceptable. However Spain and Argentina are strong trading partners, and when your economy is facing trouble at home, you need all the help you can get from abroad.
There will also be concern over other large Spanish companies based in Argentina, like the mobile phone operator Telefonica or Spain's biggest bank, Santander.
Madrid already has support from the EU and, on his scheduled trip to Colombia and Mexico, Spain's Prime Minister Mariano Rajoy will want to garner support in Argentina's immediate region.
"These acts will not remain unpunished," Repsol executive chairman Antonio Brufau told reporters.
The head of the European Commission, Jose Manuel Barroso, said he was "seriously disappointed" by Argentina's decision and that the EU expected the country to "uphold international commitments and obligations".
The European Commission had been due to hold talks with Argentina later this week as part of a trade and economic treaty but the meeting was postponed and a Commission spokeswoman said "all possible options" were being considered.
'Friendship' strained
You can read the whole story with the link link to BBC New Article
4/17/2012
FREEDOM PROJECT: BBC News – Argentina Nationalizes Spain’s YPF Repsol Oil Company – Warning Of Strong Respons Of Spain – 17 April 2012
via soundofheart.org
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