The expropriation of Repsol’s stake in YPF is just one in a string of many policy actions that the Argentine president has been criticized for. – Business Insider
Following her expropriation bill, S&P downwardly revised Argentina’s outlook to negative, saying:
“In our view, the recent government policies could increase risks to Argentina’s macroeconomic framework, squeeze its external liquidity, and hinder medium-term growth prospects.”
many argue that Argentine policies are behind its energy deficit which is expected to rise to $7 billion this year. Its decision to keep domestic oil, natural gas, and electricity prices lower than international prices and sometimes below production costs has deterred foreign companies from investing there and seen consumption increase.
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