Repsol YPF logo (Photo credit: Wikipedia)

This is an interesting story from Lex in the FT. Check it out!

YPF nationalisation – poor Repsol, poor Argentina – FT.com.

The story obviously is of special interest to Argentina, Spain, finance and the oil sector.

However, the story also provides a chilling warning of years in the wilderness following Agentina’s default – Greece, Spain, Italy and Portugal should reflect carefully on the lessons from history, in my view.