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Weekly Report - 10 May 2012 (WR-12-18)

ARGENTINA: Spanish jitters worsen

If the nationalisation of Yacimientos Petrolíferos Fiscales (YPF), the local subsidiary of Spain’s Repsol, in mid April made Spanish investors in Argentina fearful of what the future may have in store for them, this week’s unprecedented fine of a Spanish mobile phone provider has definitely set off some alarm bells.

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