Tuesday, 12 June 2012

Why is Europe lending money to Argentina?

"European countries have repeatedly found themselves the victims of aggression from the Argentinian government: Spain with the nationalisation of their oil company Repsol's majority stake in the firm YPF; the European Union as a whole which has felt it necessary to file a suit against Argentina's import restrictions with the World Trade Organisation; and Britain has seen threats of legal action and boycotts as part of the facile Argentinian claim on the Falkland Islands. Why are we repaying all that hostility with support for World Bank loans to the country that total $16.2bn?"

No comments: