All Hail the Queen

Alejandro Pagni / AFP / Getty Images

Argentina's re-elected President Cristina Fernandez de Kirchner waves among confetti during her inauguration ceremony, in Mayo square, Buenos Aires on December 10, 2011.

Few leaders would relish the frosty reception that appears to await Argentine President Cristina Fernández de Kirchner at the G-20 summit in Los Cabos, Mexico, on June 18 and 19. At least half a dozen of the world's major economies are peeved at her — starting with Spain, whose Prime Minister Mariano Rajoy called Argentina's global reputation "seriously damaged" in April after Fernández abruptly expropriated the $10 billion controlling stake in Argentina's largest oil company, YPF, that was held by Spanish petro giant Repsol.

Then there's Britain, which Fernández regularly harangues for...

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