Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-451-000"

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"en.20120418.23.3-451-000"2
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"Mr President, Commissioner, I am very surprised at the over-dramatising here in Parliament. You would have us believe there is a problem with the legal security of European investments in Argentina. In truth, contrary to the free choice of the Argentine Government, contrary to the national sovereignty of the Argentine people, you are defending the interests of a private oil company, Repsol, of which more than half the capital is in the hands of foreign owners and which, together with its subsidiary YPF, makes considerable profits in Argentina, pays close to 16 billion in dividends to its stockholders and practises tax evasion to avoid paying taxes, all the while at the expense of Argentine workers and local populations and treating indigenous peoples and the environment with disdain. You are not here defending European citizens or even the interests of a Member State, but private international capital. Why not turn your question round and consider whether the Argentine Government is trying to stop the theft of part of the oil wealth belonging to the Argentine people? Why not recognise the Argentine Government’s right to defend its economic and political sovereignty, when Repsol was helping to bring about a shortage of fuel in this country? Finally, it should be noted that this company was privatised in the name of debt reduction. Now, as a result of all this, Argentina has been placed under the supervision of the International Monetary Fund, which just goes to show that austerity, privatisation and the destruction of sovereignty, as in Greece, leads to disorder. For the moment, let us leave Argentina to be the master of its own destiny."@en1
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