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Mauricio Macri recalled that in 2012 he opposed the expropriation of YPF: "Leading is having the courage to defend what you believe in."

Mauricio Macri recalled that in 2012 he opposed the expropriation of YPF: "Leading is having the courage to defend what you believe in."

Judge Loretta Preska ordered Argentina to surrender 51% of YPF 's shares as part of payment for the US$16.1 billion owed to Bufor and Eton Capital as part of the expropriation carried out by then-Economy Minister Axel Kicillof . This ruling generated so much controversy that former President Mauricio Macri recalled what he said in 2012, when this measure was taken.

"Leadership is having the courage to stand up for what you believe, even in times when everyone else supports the opposite. It's the opposite of improvisation . It's studying, knowing the subject, and defending your own ideas, even if you're in a minority position. Video from 2012," wrote the founder of the PRO party, who was then mayor of Buenos Aires.

In the material shared by Mauricio Macri, he is seen rejecting the decree of necessity and urgency issued by the Kirchner administration to expropriate the oil company and return it to state hands. The big issue is how much the funds were paid for these majority shares in the company, which led to a legal dispute that the nation ultimately lost.

In the video published by the founder of the PRO party, he is seen giving a press conference on behalf of his political party and declaring: " This decision you are making is against the interests of the Argentine people . We Argentines are going to be worse off. I have no doubt about what I am saying, and that is why I am saying something so serious . With great regret, I announce that my deputies and I will not support this measure," he announced.

"We ask the nation's Deputies and Senators, who must vote on an unconstitutional decree of necessity and urgency to legalize what has been done so far, to reflect once again on what they are doing, think about the country and the people, and what truly solves the people's problems," the PRO leader urged.

Leadership is having the courage to stand up for what you believe in, even when everyone else is against it. It's the opposite of improvisation. It's about studying, knowing the subject, and defending your own ideas, even if you're in a minority position. Video from 2012. pic.twitter.com/smvbARa2zk

— Mauricio Macri (@mauriciomacri) July 1, 2025
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