Pichetto calls UCR's decision to vote in favour of expropriation 'coherent'

The head of the Kirchnerite caucus in the Upper House, Miguel Ángel Pichetto, considered on Saturday that the UCR party’s decision to vote in favour of the YPF expropriation is “coherent” and assured that “a large percentage of senators would vote for it.” 

“There has been a debate process with the UCR. Their decision is very coherent, as well as the one made by the socialists. A large percentage of senators will vote in favour of it,” he assured, a few days before the YPF expropriation bill reaches the Upper House floor where it will be debated.

He praised the UCR caucus, who has already said they would vote in favour of the bill, although with reservations to certain areas of it, which they may consider necessary to amend. 

Pichetto said that President Cristina Fernández de Kirchner “has clarified that in order to work properly, we must hire people capable of handling an oil company,” and assured that “it has to be administered very efficiently because society will be keeping a close eye on it.”

“The Government wasn’t absent when it comes to energy,” he said, adding that “there were some investments in the oil sector.” 

“This operation is a jolt to the economic growth process,” he stated.

Pichetto closed by saying that “the rules of a private company are regulated by law, so when the state holds the largest piece of shares, YPF will follow the rules of a state company.”