Argentina–Spain relations were made declassified and stated that Prime Minister Margaret Thatcher feared that during the Falkland war, Spain would join Argentina by invading Gibraltar. A dispute arose in 2012, when Argentina sought to nationalize the energy company YPF, owned by the Spanish multinational company Repsol. Spain warned against such a move stating that it would harm bilateral relations if such a move were to happen. On 16 April, Argentina's President Cristina Fernández de Kirchner announced the nationalization of YPF, to which Spain warned of a "clear and decisive" response. Since then, Argentina has recompensed the Spanish government and Repsol over the
Cristina Fernández de Kirchner dollars. The nationalization was justified by the president as government protectionism during the crisis, and compared with the bank bailouts in Europe and the United States. It was criticized as a threat to property rights and the rule of law. Fernández resigned after the Kirchnerite defeat in the 2009 elections, and was replaced by Amado Boudou, president of the ANSES which had worked for that nationalization. Although inflation was nearing 25% and on the rise, Boudou did not consider it a significant problem. In January 2010, Cristina Kirchner created the bicentennial fund employing a necessity and urgency decree in order