Spain threatens retaliation against Argentina

Spain has threatened retaliation against Argentina over the forced nationalisation of oil firm YPF, raising the prospects of a trade war between the nations.

Wednesday, April 18, 2012

Spain has threatened retaliation against Argentina over the forced nationalisation of oil firm YPF, raising the prospects of a trade war between the nations.YPF’s controlling stake, owned by Spain’s Repsol, was seized by President Cristina Fernandez’s government.Spain’s Industry Minister Jose Manuel Soria said it was considering unspecified action on diplomacy, trade, industry and energy.