Future goverments will pay 90% of YPF’s nationalization

The Argentine government will finally compensate for the nationalization of REPSOL YPF. Although the announced compensation will be of about U$S 5 billion in bonds, when the high implicit interest rates are computed the total costs rises to more than U$S 10 billion. In addition to the elevated amount, the bulk of the payments will be faced by future administrations. This is another clear testimony of opportunistic decisions made based on unprofessional criteria that compromise the welfare of future generations. 

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