If a government wants money, it can sell bonds or raise taxes. It can also just start pointing to stuff and saying: This is now ours.
That’s what Argentina did this week with YPF, a domestic oil company that’s owned by a Spanish firm called Repsol.
This week, Argentina’s government basically said to Repsol: “That oil company you own in our country? We’re going to take it away from you.”” —Argentina Points To An Oil Company And Says: This Is Now Ours