Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-20-Speech-5-236-750"
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"en.20120420.21.5-236-750"2
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"On Monday, the European Union was surprised by the news that the government of the Argentine Republic had sent a draft law to its congress in order to validate the expropriation of 51% of the shares of the Spanish YPF/Repsol hydrocarbons corporation. If this is passed, it will be a clear and unequivocal violation of international treaties, the more so because Argentina has traditionally benefited from the generalised system of preferences granted by the EU. This behaviour is worrying for all Europeans. It sets a very serious precedent and constitutes political opportunism, given the economic and financial crisis that certain Member States are experiencing. First of all, I would like to stand alongside the Spanish Government and to deplore the decision by the Argentine Government. I welcome the prompt condemnation made by senior EU officials via the delegation in Buenos Aires. European investors need security for their companies if they are to continue investing and creating jobs. I voted for this joint motion for a resolution, and I urge the European institutions to adopt a resolute stance in condemning this behaviour and, if necessary, to assert this position in the ongoing EU-Mercosur association agreement negotiations."@en1
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