New York Judge tells Argentina it has to turn over its 51% stake in its state oil company to pay $16 billion judgement

4 comments

1. This is like making Haiti pay for its own revolution. The US is (SHOCKER!!!) once again meddling with the present and the future of a Latin American country with significantly less capital.

   Through the magic of paperwork drawn up by the empire, the locals suddenly owe the Monroe Doctriners. Foreigners profit for decades from Argentina’s labor and resources but it’s not enough. Argentina tries to claw back a fraction of what was taken from them by nationalizing a company and the empire functionally seizes their assets.

2. So the original judgement was to pay 14.38billion. of which 7.5 billion is damages and 6.85 billion in interest… 14.35 billion in fines and damages for a 300 million dispute? How does that make sense lol?

3. If Ben and Jerry’s decided to go on the Buenos Aires stock exchange to raise billions of dollars in capital and then trump, seeing the money raised, decided to nationalize Ben and Jerry’s. Nobody would be defending trump in the comments. Yet here we are with a cesspool of people defending Argentina.

   State-sponsored propaganda or tankies. You decide.

4. Dear everyone, this was handed the worst way possible by our genius Kicillof, as far as I know the ruling is not unjust. Of course we will still fight it because it’s a lot of money. But everything that was done regarding this was done irresponsibly. I do believe we got what we voted for as a country, this surprises nobody back home.

   This is just the result of populism, YPF was / is inscripted under new York city law, not locally in Argentina.

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