Interior Minister Florencio Randazzo assured that the consequences of the expropriation of Repsol YPF will be “absolutely favourable for the country’s development,” adding that they will be seen “by future generations.”
“We’re certain that surely the consequences of this decision will be seen by the future generations, and will be absolutely favourable for the country’s development,” he said.
Randazzo’s statements came in response to European Commissioner for Trade Karel de Gucht’s assurances that Argentina “will suffer the consequences for a long time in its own economic development.”
But Randazzo said that Argentines “will enjoy the consequences of this decision” which is directly related to this “virtuous model, which returns the management of our national resources to the state.”
“There’s no country in the world that has transferred the management of hydrocarbons to the private sector,” and added that Argentina “is still undergoing an industrialization process and needs to be able to manage a strategic resource such as the hydrocarbons,” he explained.
“Argentina made a sovereign decision. And there’s a group of Spanish businessmen defending their economic interests, but this company does not belong neither to the Spanish people nor the Spanish government,” he added.
Source: Buenos Aires Herald