Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-17-Speech-2-235-000"

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"en.20120417.20.2-235-000"2
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"Mr President, yesterday, a new chapter was written in the long history of nationalisations. Argentina decided to nationalise YPF, an oil company and the property of Repsol. This unilateral move will make the government of Argentina the biggest stakeholder in the company with a 51% participation and will leave Repsol with only 6% instead of the 57% it has now. This attack against the rule of law and private property creates juridical insecurity and signifies a loss of confidence for international investors in Argentina. This is an action that brings Argentina closer to Cuba and Venezuela than to successful and open Brazil. Therefore, I ask this Chamber, the Commission and the Council to support Repsol and all other European investments in Argentina against this situation, to put trade negotiations temporarily on hold, and to put in place measures and strong mechanisms to ensure that it is not repeated in the future."@en1
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