Democracy Now: Argentine Lawmakers Back YPF Nationalization
Lawmakers in Argentina have approved plans to re-nationalize the country’s largest oil company, YPF. Argentine President Cristina Fernández de Kirchner announced a government takeover last month in a bid to reclaim sovereignty over Argentina’s natural resources. The move has sparked an outcry from the firm’s majority owner, Repsol, and the Spanish government. Kirchner is expected to sign the takeover into law in the coming days.