The European Commission signals it's throwing its full weight behind Spain and Repsol YPF...

|About: Repsol S.A. ADR (REPYY)|By:, SA News Editor

The European Commission signals it's throwing its full weight behind Spain and Repsol YPF (REPYY.PK) over Argentina's seizure of YPF, cancelling a 2-day trade meeting that was due for this week. EC President Jose Manuel Barroso says he's "seriously disappointed" by Argentina's move and expects it to uphold its international commitments.