Europe threw its weight behind Spain yesterday after a diplomatic war broke out between Madrid and Buenos Aires over Argentina’s decision to take over a multibillion-pound energy company.
In the wake of tensions between Britain and Argentina on the anniversary earlier this month of the Falklands invasion, President Cristina Fernández de Kirchner risked further alienation around the world by pushing ahead with the nationalisation of Yacimientos PetrolÃferos Fiscales (YPF), in which Repsol, a Spanish energy group, has a majority shareholding.
In response, Spain launched a trade and diplomatic offensive against Argentina, rallying allies in Brussels and the G20 against the move to take over 51 per cent of YPF.
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([London] Times) Argentina friendless as Europe unites in protest over seizure of oil firm
Europe threw its weight behind Spain yesterday after a diplomatic war broke out between Madrid and Buenos Aires over Argentina’s decision to take over a multibillion-pound energy company.
In the wake of tensions between Britain and Argentina on the anniversary earlier this month of the Falklands invasion, President Cristina Fernández de Kirchner risked further alienation around the world by pushing ahead with the nationalisation of Yacimientos PetrolÃferos Fiscales (YPF), in which Repsol, a Spanish energy group, has a majority shareholding.
In response, Spain launched a trade and diplomatic offensive against Argentina, rallying allies in Brussels and the G20 against the move to take over 51 per cent of YPF.
Read it all (requires subscription).