Argentina seems willing to pay a hefty price to shrug off foreign meddling in national policy. But, as the count ry floats plans to repay all its $15 bn debit with the International Monetary Fund, the government's far-flung private creditors, who hold $81bn of defaulted bonds, are crying foul. The G7 must re-examine the element of risk in the high and untenable levels of fund largesse they have been unwittingly underwritting.