Celebrations in Buenos Aires over YPF nationalisation

People happy about the decision by Argentina’s government to nationalise Spanish-run oil company YPF gathered in the plaza outside government house in Buenos Aires.

In a move backed by President Cristina Fernandez, the state will takeover the nearly 60 percent owned by Spanish oil company Repsol.

“Today we recuperated a bit of Argentina’s homeland. YPF means a lot for Argentines. It’s a part of sovereignty as well. It means economic independence. It is something very dear to Argentines,” said leader of the Evita Movement Emilio Persico.

Many Argentine supporters see wrestling control of one of the country’s largest oil producers from Spanish hands as a strike against an imperialist past.

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