Argenzuela?

There have been signs in recent months of a marked deterioration in the business environment, as the Government has been broadening the use of foreign exchange and import controls and has open the possibility of intervening or nationalizing YPF.

It all started last October in response to pressures on the peso, at a time when the ripple effects of the European crisis led to a drop in commodity prices and capital outflows and most Latin American countries depreciated their currencies. Argentina did not want to follow suit and instead started to rely more widely on controls.