YPF takeover dominates front-pages in Spain, makes headlines internationally

President Cristina Fernández de Kirchner’s statement yesterday announcing her plans to take 51 percent control of YPF, dominated Spanish front-pages today and made headlines across the world today.

Nearly all Spanish major newspapers carried Kirchner’s announcement on front-pages as well as harsh editorials on Argentina’s takeover plans of Spanish ran YPF. La Razón said the expropriation was part of “Kirchner’s cold war.”

“The announcement of YPF’s takeover was done Kirchner style: on a televised speech, surrounded by young peronists praising her and in the Pink House (House of Government),” an opinion article stated.

The “expropriation of YPF puts Argentina in a pariah position for the international economic community,” read the editorial of Spanish paper El País. An article on El Mundo go as far as calling the takeover a “theft”.

“Finally, Cristina (President Cristina Fernández de Kirchner) took courage and stole Repsol,” read the piece.

The takeover sparkled reactions on American newspapers and other European media making headlines internationally. The Financial Times, The Wall Street Journal, The New York Times, amongst other followed the story closely as it developed.

Chile, Brazil, and Uruguay also carried stories on the president’s announment on the major newspapers’ front-page and followed events as they developed on their online websites.