Home » Activism, Economy, South-Central America » Argentineans back president over YPF decision

Argentineans back president over YPF decision

submit to reddit

A rally has been held to back Argentine president for her decision to expropriate 51 percent stake in energy company YPF from its controlling shareholder, Spain’s Repsol, Press TV reports.

Ruling party top officials and lawmakers joined the rally on Friday at Velez soccer stadium in Buenos Aires, where demonstrators waved national flags.

“When I announced I was sending this project to the congress, I said it was not a return journey to the past, but the recovery of a historic company,” Cristina Fernandez said.

“We must seek new ways of state intervention and private sector participation, but the state can never decline its political, economic, social, and intuitional responsibilities,” she added.

Fernandez also said YPF project aims at recovering Argentina’s largest oil company and vindicated state-centric policies carried out by her administration over the past years.

National Congress is set to pass the YPF bill next week amid increasing tensions with Madrid.

The Spanish government has recently announced plans to impose limits on biodiesel imports from Argentina.

The president also made reference to Malvinas diplomatic row and called on Argentineans to defend the country’s sovereignty rights over the disputed territories through diplomacy and peace.

Buenos Aires has repeatedly protested British presence in the South Atlantic, accusing the UK of plundering Argentina’s oil and fishing stocks.


No votes yet.
Please wait...


Did you like this information? Then please consider making a donation or subscribing to our Newsletter.

One Response to " Argentineans back president over YPF decision "

  1. Pro-Justice says:

    Cristina Fernandes, the Agentine President nationalizes oil companies in her country. This is a very dangerous move.

    In the US, Republicans are trying to prevent Democrat Obama and his Senate from doing the same thing.

    Since Democrats (D) controls the White house and the upper house (aka the Senate), it’s very hard for the Republicans (R) to override any bill.

    Before that, the Democrats controlled both the upper house (aka the Senate) and the lower house (aka the congress).

    The British lost control over their colonized countries during the 19th and 20th centuries.

    Who has achieved colonial control of the world and stays below the radar? :roll: This invisible empire has been competing with England before the United States was ever formed.

    No votes yet.
    Please wait...

Leave a Reply

Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.