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Argentines’ Confidence in Government Rose 12% in May

May 30 (Bloomberg) -- Argentines’ confidence in their government rose 12 percent in May from April, when President Cristina Fernandez de Kirchner seized the nation’s largest energy company, YPF SA.

The index pared its 16 percent drop the month before, a survey commissioned by Torcuato Di Tella University in Buenos Aires showed. From the year-earlier, the index fell 8 percent, according to the poll that was released by e-mail today.

The index rose to 2.14 on a scale of zero to five, the survey of 1,200 people showed. About 54 percent of those surveyed said that Fernandez’s government is able to “resolve the country’s problems,” four basis points more than a month earlier. About 40 percent said they have a good opinion of the government, nine percentage points more than in the previous poll.

Fernandez announced the seizure of YPF on April 16, ousting Spanish owners Repsol YPF SA after a dispute over slumping oil output and investments.

The survey, conducted by Poliarquia Consultores on behalf of the Buenos Aires-based University from May 2 to May 15, had a margin of error of 3.2 percentage points.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net.

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

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