Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-20-Speech-5-242-000"
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"en.20120420.21.5-242-000"2
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"Since the beginning of the plenary sitting, we have seen a surreal reaction from the European institutions with regard to the decision of the Argentine Government to nationalise the Spanish company Repsol’s shares in the hydrocarbons company YPF. Through this decision, the Argentine Government has simply reversed the privatisation of the main Argentine oil company by Carlos Menem’s ultraliberal government in the 1990s. Parliament’s resolution attacks the decision of a sovereign state with the sole motivation of protecting European investments. It is entirely legitimate for a sovereign state to proceed with the nationalisation of companies that do not respect their commitments in terms of economic development and respect for human rights and that prioritise the interests of their shareholders to the detriment of national workers. Argentina has made a political choice in favour of Argentineans and the country’s public interest. It is therefore not political interference in the free market. Calling for sanctions is ridiculous. The European Union would be more credible in calling for such sanctions in the case of human rights violations, such as in Colombia."@en1
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