Ahh. Nothing gets me going quite like the smell of defaults in the morning. Argentina’s path to economic ruin feels like a drunk snail making its way through molasses.

Now that the dust has settled from the November/December 2012 drama surrounding the US Court ruling(s) regarding Argentina’s payment on defaulted bonds, I want to take a look at this snaggle—ahead of what will be a titillating appeal in February.

Contributed by Bianca Fernet. Sometimes I have to hand it to the Argentine government – their systematic clampdown on the movement of goods and capital across their borders is creeping along just enough to make international headlines about once a week without incurring any real domestic outcry to speak of. But now they have a new thing. 

The US, Japan, and Mexico followed the EU’s lead and filed complaints at the WTO against Argentina’s import restrictions. Argentina promptly responded with its own complaint—against the US for blocking imports of beef and lemons. Yet, its beef market is one of the top 10 most protected in the world—and not in favor of its own beef producers! Just to keep the country glued together for a little while longer.

Contributed by Bianca Fernet. Argentina is known for its myriad of protests against price increases, lack of wage increases, benefits for veterans, laws regulating the sale of goods on the street, lack of funding for schools, increases in subway prices…. These protests are accompanied by much more disruptive behavior than clanging pots and pans. Yet are treated as commonplace occurrences, like a minor traffic collision