Latin America, refuge for Spanish companies in times of crisis

Argentina accused, have invested not in the Repsol YPF.

At the moment, the Bolivian President Evo Morales announced that the expropriation of the daughter of a Spanish company of electricity in his country on 1 may, waited around the leader of another Spanish company, oil company Repsol, together provide a facility for the processing of natural gas in this country.

In the same week, the most important tournament of football in the continent, which is added for some time by the Bank in the name of "Santander", opened in Latin America six stages of the second round of the Copa Libertadores, their sponsors, also Spanish.

And a few days before other Spanish bank, BBVA, announced that more than half of the result came in the first quarter of this year by subsidiaries in Latin America.

This series of events is just one example, as their presence in the region of true through investment, marketing and strategies, using the various Spanish companies, consolidated political contacts at the highest level in recent times.

In fact, many experts believe that despite the recent nationalisation of some offices in the countries of Latin America, Spanish companies have a strong interest in doing business in a region that offers significant potential benefits in times of crisis in their country of origin.