The Argentine Model
'I'm the head of state, not a thug," Argentine President Cristina
Kirchner felt it necessary to explain on Monday in Buenos Aires. This is
never a good sign from a politician.
And, sure enough, she was trying to defend her decision to nationalize the oil company YPF by expropriating 51% of the shares belonging to majority owner Repsol from Spain, an act the civilized world is calling "theft." Only Hugo Chávez applauded.
In modern Latin America, Brazil is a growing economic power, Mexico has developed a middle class, and Colombia, Chile and Peru have joined the ...
To continue reading... THE WALL STREET JOURNAL
And, sure enough, she was trying to defend her decision to nationalize the oil company YPF by expropriating 51% of the shares belonging to majority owner Repsol from Spain, an act the civilized world is calling "theft." Only Hugo Chávez applauded.
In modern Latin America, Brazil is a growing economic power, Mexico has developed a middle class, and Colombia, Chile and Peru have joined the ...
To continue reading... THE WALL STREET JOURNAL
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