{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='4:3 Calderon criticises Argentina\u0026#39;\u0026#39;s attempts to nationalise Spanish oil company YPF' data-url='/boclips/videos/5c54c2bcd8eafeecae15bf3a' data-video-url='/boclips/videos/5c54c2bcd8eafeecae15bf3a' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\n4:3 Calderon criticises Argentina\u0026#39;\u0026#39;s attempts to nationalise Spanish oil company YPF\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of Young Global Leaders Annual Summit in Mexico, with host and Mexican President Felipe Calderon2. Participant in the forum questioning Calderon over Argentina''s decision to seize oil and gas company YPF3. Wide of room4....\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of Young Global Leaders Annual Summit in Mexico, with host and Mexican President Felipe Calderon\u003cbr/\u003e2. Participant in the forum questioning Calderon over Argentina''s decision to seize oil and gas company YPF\u003cbr/\u003e3. Wide of room\u003cbr/\u003e4. SOUNDBITE: (Spanish) Felipe Calderon, Mexican president:\u003cbr/\u003e\"It is regrettable that the government of Argentina and our dear friend (Argentinian president) Cristina Fernandez took a measure that is not going to do anybody any good.\"\u003cbr/\u003e5. Cutaway of conference\u003cbr/\u003e6. SOUNDBITE: (Spanish) Felipe Calderon, Mexican president:\u003cbr/\u003e\"I hope Argentina rectifies this measure. This is a very irresponsible decision and irrational too, and it clearly violates investment accords and treaties.\"\u003cbr/\u003e7. Cutaway of conference\u003cbr/\u003e8. SOUNDBITE: (Spanish) Felipe Calderon, Mexican president:\u003cbr/\u003e\"If we want to give growth, employment and sustainable development to our people, the path to follow is neither protectionism nor nationalisations. The path is commerce.\"\u003cbr/\u003e9. Pull in on audience member asking question\u003cbr/\u003e10. Various of conference\u003cbr/\u003eMexican President Felipe Calderon has criticised Argentine President Cristina Fernandez for her move to nationalise Argentina''s largest oil company, calling her actions \"not very responsible and not very rational.\"\u003cbr/\u003eCalderon said he regretted the decision of the Argentine government to nationalise 51 percent of the Spanish-owned Yacimientos Petrolďż˝feros Fiscales (YPF) energy company while speaking at the closing ceremony of the Young Global Leaders'' Summit in Nayarit, Mexico. \u003cbr/\u003e\"I hope Argentina rectifies this measure,\" Calderon said, adding that \"this is a very irresponsible decision and irrational too, and it clearly violates investment accords and treaties.\"\u003cbr/\u003eBoth Repsol and Spain strongly oppose the move and have warned that it could turn Argentina into an international pariah.\u003cbr/\u003eYPF is vital for Argentina''s energy future, especially after its recent find of huge unconventional oil and natural gas reserves. \u003cbr/\u003eBut the company has been under pressure from Fernandez''s government to raise output while its shares have plunged in recent months on fears of possible state intervention.\u003cbr/\u003eCritics blame the government for an energy shortage and high gasoline prices. \u003cbr/\u003eBut Fernandez said the shortage is the result of Repsol''s \"emptying\" of YPF, and that Argentina had a deficit of three (b) billion US dollars last year partly due to energy imports.\u003cbr/\u003eIn Madrid, Spanish Foreign Minister Jose Manuel Garcia-Margallo called the move arbitrary, and said it broke the climate of cordiality and friendship that had existed with Argentina. \u003cbr/\u003eHe said Spain would respond with \"forceful measures\" he did not describe.\u003cbr/\u003eMexico''s Secretary of the Economy Bruno Ferrari said that Spain had requested Mexico intervene in the row with Argentina over Repsol-YPF SA. \u003cbr/\u003eBut Ferrari said Mexico''s role in the dispute is still to be determined.\u003cbr/\u003eOn Monday, Calderon said that the kind of sustainable growth required by Latin American countries required openness. \u003cbr/\u003e\"If we want to give growth, employment and sustainable development to our people, the path to follow is neither protectionism nor nationalisations,\" he said. \u003cbr/\u003e\"The path is commerce,\" Calderon added.\u003cbr/\u003eMexican state-owned oil company Pemex has a 10 percent of Repsol-YPF stock.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' 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