Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-448-000"

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"en.20120418.23.3-448-000"2
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"Mr President, we are debating the legal security of European investments. More specifically, however, to honour that legal certainty, our companies should fulfil their commitments. YPF did not comply with its investment agreements despite making profits of USD 16 billion. YPF compromised the energy sufficiency of a country when it caused a drastic fall in crude oil and gas production. Argentina has the capability to be self-sufficient, but it is now obliged to import gas and oil at a cost of USD 11 billion, an amount that could be used to meet other needs of the population. Furthermore, we defend the right of the people to exercise their sovereignty in order to manage their energy resources, particularly when there is a discrepancy between public and private interests. Our group calls on the European Union not to block the agreement negotiations with Mercosur on account of a one-off, isolated conflict. The Argentine Government is modifying misguided policies from the past, while the Spanish Government is confusing a company’s interests with those of the State. Finally, I trust that this debate will help us find some common ground, and that this controversy will motivate us to establish sustainable energy models."@en1
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