'Spain needs to accept Argentina's sovereign decision,' Pichetto

The head of the Senate's Victory Front bloc Miguel Angel Pichetto today stated that “Spain needs to accept the sovereign decision made by Argentina,” in reference to the expropriation of oil and gas giant YPF, which last night was approved by a wide majority in the Congress.

“Where there was a possibility of preserving the investments of both countries, at the same time each country is able to make a sovereign decision to expropriate shares, according to public authority. It’s a clear sovereign path,” Pichetto told reporters.

The senator further considered that the promulgation of the law by the government is “an important moment for the country that will go down in history.” Pichetto added that “the measure is deeply linked to the identity of Argentines and has a very strong symbolism for the people.”

He went on to say that “it also has a great significance for the development and growth of the country. Petrol, fuels and gas, they are all part of the industrial process in Argentina. We wish to continue to grow to be self-sufficient.”