Spain's Clash With Argentina Over An Oil Company

Spain's Clash With Argentina Over An Oil Company

Spain had harsh words for Argentina yesterday over the nationalization of the oil firm YPF. Argentine president Cristina Fernandez de Kirchner rejected the demands of the Spanish company that held a major stake in YPF for ten billion...

Spain had harsh words for Argentina yesterday over the nationalization of the oil firm YPF. Argentine president Cristina Fernandez de Kirchner rejected the demands of the Spanish company that held a major stake in YPF for ten billion dollars in compensation. All this comes at a bad time for Spain, which is the current European union member causing market anxiety. The euro dropped against the dollar today as Spanish stocks slipped. Diane and her panel of experts discuss what Argentina's decision means for Spain’s struggling economy and the Euro.

Guests

Paul Isbell

a visiting senior fellow for energy and climate change at the Inter-American Dialogue in Washington DC, and a visiting professor at the Instituto Tecnológico de Buenos Aires, former director of the Energy and Climate Change Program at the Elcano Royal Institute for International and Strategic Studies in Madrid.

Daniel Kaufmann

a senior fellow in the Global Economy and Development program at the Brookings Institution, former director of Governance and Anti-Corruption of the World Bank Institute

Sophia Aguirre (Aghih-ray)

professor of Economics and head of the Integral Economic Development Management Program (IEDM) in the Department of Business and Economics of the Catholic University of America

Jacob Kirkegaard

research fellow, Peterson Institute and senior associate, Rhodium Group, a New York-based research firm.

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