The Argentine government has been tightening the noose on Repsol over recent months, withdrawing operating licences and accusing the company of failure to invest adequately in its Argentine operations.
So, in order to increase foreign investment they\’ve decided to confiscate a foreign investment.
That\’s going to work well isn\’t it?
A century ago Argentina was one of the two or three richest countries on the planet. Now it most distinctly ain\’t and there\’s more than a sneaking feeling that the economic policies of the past century help explain why.