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Argentina yesterday rejected Repsol YPF's (REPYY.PK) demand for $10.5B in compensation for its...

Argentina yesterday rejected Repsol YPF's (REPYY.PK) demand for $10.5B in compensation for its 57% stake in YPF, saying it hasn't invested enough in the country. Meanwhile, the U.K., which has its own spats with Argentina, has unsurprisingly backed Spain in the saga.
Comments (1)
  • Normally I try to take a balanced view of world politics but I would be looking at this confiscation as a clear act of war if I was Spain. Great Britain thought so when Argentina tried to take over the Falklands many years ago. Argentina is playing a very dangerous game on the world stage and will ultimately be the loser if they continue down this pathway.
    18 Apr 2012, 09:57 AM Reply Like
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