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.










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.