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A man looks through a gate toward Congress where a bill, proposed by President Cristina Fernandez, to gain control of Argentina's energy reserves is being discussed in Buenos Aires, Argentina, April 17, 2012.

AP Photo

Analysis & Opinions - The Wall Street Journal

The Tragedy of Argentina

| April 19, 2012

"...Athens has a choice: It can press on with painful but ultimately necessary structural reform, or it can go the Argentine route. It should beware, however, that exit from the euro is likely to bring back the cycle of inflation and instability. Argentina is a reminder of the past Greece escaped, and a future it would be well advised to avoid."