Economics

YPF Expropriation: Everybody Loses

Date: 23/04/2012
Document type: Interview
Interviewee(s): Vives Torrents, Xavier
Languages: Spanish / English
Company(ies): Repsol, YPF
Geographic area: Spain; Argentina

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Argentina’s controversial decision to expropriate its largest oil company, YPF, which belonged to Spain’s Repsol, may well backfire, according to IESE Prof. Xavier Vives. Besides Spain, many other European countries, not to mention the U.S. and China, have substantial investments in Argentina and, given this populist maneuver, may now think twice about injecting further capital in the country.

Bibliographic citation: IESE; IESE Insight, "YPF Expropriation: Everybody Loses"