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EU Commission warns of worst “within weeks” as EU looks to help fund Ukraine gas

Published: 19 June, 2009, 18:51


The European Union is preparing to organise a loan to help Ukraine meet its gas bills. Head of the EU Commission, Jose Manuel Barroso, says the EU cannot "sleepwalk" into another gas crisis between Russia and Ukraine.

 
1 COMMENT
MEJanssen June 21, 2009, 00:45 quote
0

Ukraine buying its own bonds? How long can they keep that up before they default? (we're trying that in the States, too - maybe we are in a race with Ukraine to see who goes bankrupt first . . .) So, what happens when Ukraine stops the gas again? Will the EU go to Moscow and complain to Gazprom? Again? That didn't work very well last time, did it. I don't think EU will pay until January. It's traditional, after all, plus they will have to extract cash from all the member states to support Ukraine, and everybody has a padlock on their wallets. It is going to take serious pain before they fork over money, and I expect that won't be felt until deep winter, when people start dying from the cold. Again.

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