There are those who think that Currency Wars are a brand new thing. They are not. More importantly, we now have finally moved on to the real deal:
- EU SAID TO PLAN WTO COMPLAINT AGAINST ARGENTINE IMPORT CURBS - BBG
This perfectly objective and otherwise impartial decision has nothing to do with recent collectivist decisions of what is for the greater good... At least one's greater good that is, which just happens to be the biggest problem with central planning at the global level.
Some more from Bloomberg:
EU will probably file challenge at WTO in coming weeks, spurred by separate dispute over YPF nationalization, person with knowledge of plan says.
- Other WTO members may join action, person says
- NOTE: Argentina has subjected growing number of imports to licensing regulations since 2008, drawing objections from EU, U.S., Japan, other WTO members