Bloomberg News

Zoellick: Argentina’s Nationalization an ‘Outlier’

April 19, 2012

World Bank President Robert Zoellick said Argentina is an “outlier” in Latin America and most of the region’s leaders see the country’s nationalization this week of YPF SA (YPFD) as a “mistake.”

Zoellick, in an interview with Bloomberg Television today, said Argentina’s expropriation of the assets owned by Spain’s Repsol-YPF SA (REP) reflect “populist” and protectionist pressures that are prevalent in several countries around the world.

Zoellick said he shares the views expressed this week by Mexican President Felipe Calderon that “no one in their right mind” would invest in a country that nationalizes companies.

To contact the reporter on this story: Margaret Brennan in New York at mbrennan25@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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