OICED: YPF: Espana responde a Argentina

The Spanish government declared its friendship with Argentina broken after President Cristina Kirchner proposed a law to expropriate 51% of YPF, a company controlled by Spain's Repsol. This move is seen as damaging to the traditionally cordial relations between the two countries. Spain recalls its past support for Argentina and views the expropriation as a poor decision for both nations, undermining legal security. The Spanish Industry Minister labeled the action as hostile, and Spain plans to take measures to protect its interests abroad.

What action did the Spanish government take in response to Argentina's proposal to expropriate YPF?

• Declared war on Argentina

• Ended friendly relations with Argentina

• Increased trade with Argentina

• Offered financial aid to Argentina

What percentage of YPF did Argentina propose to expropriate?

• 100%

• 51%

• 25%

• 75%

How did the Spanish government describe the impact of Argentina's measure on their bilateral relations?

• It improved economic ties

• It had no impact

• It strengthened the relations

• It disrupted the cordial relations

What did the Spanish Industry Minister call the Argentine measure?

• An economic opportunity

• A friendly gesture

• A neutral action

• A hostile measure

What did Spain announce it would do in response to the expropriation proposal?

• Take measures to protect its interests

• Ignore the situation

• Increase investments in Argentina

• Withdraw all businesses from Argentina