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Spain threatens Argentina with retaliation over seizure of YPF

An incensed Spain has threatened swift economic retaliation against Argentina after it seized control of YPF, the South American nation's biggest oil company, in a move which pushed down shares in Spanish energy giant Repsol, the major sharehold

(REUTERS) Madrid - Madrid called in the Argentinian ambassador in a rapidly escalating row over the nationalisation order by Argentina's populist and increasingly assertive president, Cristina Fernandez, a move which delighted many of her compatriots but alarmed some foreign governments and investors.

Promising action in the coming days, Spanish industry minister Jose Manuel Soria said: "With this attitude, this hostility from the Argentine authorities, there will be consequences that we'll see over the next few days. They will be in the diplomatic field, the industrial field, and on energy."

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Geopolitics

Serbia And Kosovo: A Local Conflict Turns Dangerously International

Tension are rising between Serbia and Kosovo, taking on an international dimension with Russia lending its support to Serbia, while NATO has long had a presence in Kosovo. There is only one real solution to such a historic feud over territory and ethnicity, and it's called: Europe.

photo of garbage bins blocking the road

A roadblock as the conflict simmers near the northern Kosovo city of Mitrovica

Predrag Milosavljevic/Xinhua via ZUMA
Pierre Haski

-Analysis-

PARIS An unresolved conflict is always a potential time bomb. That's what happened last week in the Caucasus, with Azerbaijan's recapture of Nagorno-Karabakh, driving thousands of Armenians into exile. And it is also what is threatening Europe's southern flank, with violence breaking out between Serbia and Kosovo.

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