Spanish-Argentinean Fishing Disputes

Tensions between Spain and Argentina have recently mounted. Last fall, Spain began to complain that its fishing fleets operating around the Falkland/Malvinas islands were being harassed by the Argentine Navy, despite having licenses from the Falkland Islands government—a government that Argentina does not recognize. More recently, Argentina nationalized the oil company YPF, a subsidiary of the Spanish company Repsol, angering both Spanish investors and European Union officials and provoking reprisals.