Argentine president-elect names ex JP Morgan executive as finance minister

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2. Equally troubling is the appointment of a Shell executive as Energy Minister

José Aranguren, who as longtime CEO of Shell Argentina has had a cherished - almost personal - goal of destroying the state energy firm YPF, its chief competitor. He also used Shell funds in a January 2014 attempt to create a run on the Argentine peso, but hid his tracks well by using front accounts (nice fellow, huh!).

YPF, as you may know, was renationalized by President Cristina Kirchner in 2012 after several years of neglect and profit offshoring by Repsol (YPF was its largest and most profitable interest), which was fully compensated. YPF has since reversed annual declines of 6% under Repsol, raising output by over 10% last year alone.

Britain's Ecuntomist has also made discrediting YPF (and Argentina) a hobby horse of sorts. Those who followed the Thatcherite mag's advice, missed out on a 190% stock windfall however.