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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
April 17, 2012
(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."
