Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-446-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-04-18"^^xsd:date2
dcterms:Is Part Of	lp_eu:Legal security of European investments outside the European Union (debate)2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20120418.23.3-446-000"2
lpv:hasSubsequent	lp_eu:2012-04-18-Speech-3-447-0002
lpv:speaker	lp:Enrique Guerrero Salom2
lpv:spokenAs	substitute; Delegation to the EU-Mexico Joint Parliamentary Committee (2009-10-07--2014-06-30)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 vice-chair; S&D (2012-01-19--2012-06-06)3 unknown; Partido Socialista Obrero Español (2009-07-14--2014-06-30)3 member; Delegation to the Cariforum — EU Parliamentary Committee (2010-06-16--2014-06-30)3 substitute; DEVE (2012-01-19--2014-06-30)3 substitute; ECON (2012-01-19--2014-06-30)3 member; AFCO (2012-01-19--2014-06-30)3 substitute; Delegation for relations with the Pan-African Parliament (2009-09-16--2014-06-30)3
lpv:translated text	"Mr President, the Argentine Government has begun the process of expropriating the YPF majority shares belonging to Repsol, a European company based in Spain. According to what we know so far, this was a selective expropriation process. If that were the case, then it would also be discriminatory. In recent weeks, there has been no lack of deliberate deceit, false promises, errors of judgment and inaccurate calculations. All of that has resulted in the non-existence and failure of any serious negotiation that could have avoided this expropriation. However, we all know that this was not an impromptu, unexpected or hasty decision. On the contrary, it was prepared very carefully and gradually, causing obvious damage to the company’s value, which was a key element in the expropriation. The Group of the Progressive Alliance of Socialists and Democrats in the European Parliament wholeheartedly shares the view expressed by Baroness Ashton yesterday in this House. We also share the concern expressed by Mr Barroso, the Spanish Government, and also, just now, by the Danish Presidency. This decision is a bad sign, not only for European and Spanish investors, but also for international investors. It could also mean that we are heading down a path of insecurity that will damage relations between Argentina, Spain and Europe, which have traditionally been good. The measure taken by the Argentine Government requires a clear, immediate and unequivocal response, but also an intelligent, continued response rather than a hasty one. The European institutions should join the Spanish Government in making this response. Our response should defend the interests that were legitimately acquired by European companies, but it should also be a measured response that avoids fuelling a confrontation between Latin America and Europe. The companies that operate on that continent contribute to its growth, and they should respect environmental principles, but respect must first be shown for the rules that are agreed internationally. The Argentine Government has contravened those rules, and that is the underlying reason for Parliament’s response."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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