Argentina's cash grab

Argentina's government is back to its old ways - hiking taxes on farmers, nationalising $30bn of private pension assets, and trying to grab $6.6bn of the central bank's foreign currency reserves.

Argentina's President Cristina Fernandez de Kirchner has "developed an insatiable appetite for other people's cash", says The Economist.

She has hiked taxes on farmers and nationalised $30bn of private pension assets. Last week, she tried to grab $6.6bn of the central bank's foreign currency reserves and sacked bank chief Martin Redrado when he refused.

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