Rajoy gestures during the opening of the plenary session of the World Economic Forum in Puerto Vallarta.
Spanish Prime Minister Mariano Rajoy said today the Argentina’s decision to takeover Spanish ran YPF oil company announced yesterday by President Cristina Fernández de Kirchner “damages all Latin America.”
Saying he was “profoundly unease” Rajoy explained the decision affects the region as a whole. The remarks were made during his speech at the World Economic Forum on Latin America in Puerto Vallarta, Mexico today.
«I must express my profound unease. It’s a negative decision for everyone,» Rajoy said noting that the Spanish firm was being expropriated «without any justification.»
The Spanish Prime minister explained the takeover could reflect on the investor’s mood towards the continent. “The decision is detrimental to Spain and Argentina. It damages Argentina international reputation. Finally, it goes against the region’s efforts to attract foreign investment.”
buenosairesherald.com