Kicillof managing the expropriation
International investors are in for a lot more trouble...Kicillof, the new deputy economic minister..
"told Congress that only “morons” would think the state was stupid enough to play by Repsol’s rules and make an offer to buy 100 percent of its shares. He blasted economic theories that “justify the looting of our resources and our companies.”
Kicillof has been in this position just 4 months already seems to exert significant influence...
"Just four months after taking the deputy economy minister post, Kicillof has penetrated the small circle of trusted advisers to President Cristina Fernandez, who singles him out for praise in her speeches."
Long story short...YPF is just the tip of the iceberg IMO!
Decide for yourself...
T2
https://in.reuters.com/article/2012/04/19/argentina-ypf-kicillof-idINDEE83I0G520120419