Spain's Clash With Argentina Over An Oil Company | WAMU 88.5 - American University Radio

WAMU 88.5 : The Diane Rehm Show

Spain's Clash With Argentina Over An Oil Company

Spain had harsh words for Argentina yesterday over the nationalization of the oil firm YPF. Argentine president Cristina Fernandez de Kirchner rejected the demands of the Spanish company that held a major stake in YPF for ten billion dollars in compensation. All this comes at a bad time for Spain, which is the current European union member causing market anxiety. The euro dropped against the dollar today as Spanish stocks slipped. Diane and her panel of experts discuss what Argentina's decision means for Spain’s struggling economy and the Euro.

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