Hue and cry for Argentina

FINANCIAL TIMES: … It was a magisterial display of her political trademarks: virulent nationalism mixed with righteous indignation. Dressed in widow’s weeds and standing in front of a huge image of the national heroine Eva Perón,  President Cristina] Fernández projected herself as someone who would protect her country from foreign predators and give back as good as she got. “We have to have a company that Argentines are proud of again,” she thundered.

It was a magisterial display of her political trademarks: virulent nationalism mixed with righteous indignation. Dressed in widow’s weeds and standing in front of a huge image of the national heroine Eva Perón, Ms Fernández projected herself as someone who would protect her country from foreign predators and give back as good as she got. “We have to have a company that Argentines are proud of again,” she thundered. 

Felipe Calderón, Mexico’s president, said “no one in their right mind” would now invest in Argentina. Robert Zoellick, the World Bank president, called Argentina an “outlier”. Juan Manuel Santos, Colombia’s president and summit host, said pointedly: “We don’t expropriate.” The only big capital with cause quietly to celebrate the nationalisation is London, as it diminishes the credibility of Argentina’s Falklands claim….  (more)

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