Ukraine heads towards sovereign default

Ukraine's Prime Minister Arseniy Yatseniuk has conceded that corruption is rife (photo: dpa)
Ukraine's Prime Minister Arseniy Yatseniuk has conceded that corruption is rife (photo: dpa)

Ukraine is fighting for its future, not only to be rid of Russian incursion, but also its existence as a sovereign state. Its economy is shrinking, corruption is endemic and government finances are in such disarray that there is a grave risk it will default on its debt. The consequences for the European Union and its taxpayers are serious should a bailout become necessary.

THE viability of Ukraine as a sovereign state is being watched closely all over Europe; not just in Brussels, but in Athens, Bratislava and, most of all, Berlin.

[[quote]]

Any suggestion of financial default by, or bailout of, Kiev sends shivers through European Union capi...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment