As Ukraine’s economy spins towards default, investors and bankers worry the financial turmoil will spill over into global markets, a scenario “nobody wants to deal with,” Arnaud Leclercq, Head of New Markets at Lombard Odier Darier Hentsch & Cie, told RT.
Ukraine couldn’t ever meet the most basic requirements for EU membership, though it doesn’t mean that the EU institutions and the people at its head won’t fudge the criteria, so that in some way Ukraine can become eligible, MEP William Dartmouth told RT.
Sanctions against Russia could be bad for the weak economies in the periphery of the eurozone. Many EU states also have strong connections with Russia, while Russia needs EU money to stabilize its budget, German MP Philipp Missfelder told RT.
The conversation between EU foreign policy chief Catherine Ashton and Estonia's FM revealing Ukraine protesters were shot on the orders of their own leaders is a stinging indictment of the EU's policy towards Ukraine. Brussels has some explaining to do.
The European Commission has proposed an 11 billion euro helping hand to cash-strapped Ukraine. European Commission President Jose Barroso said Kiev will get the money if it agrees a deal with the IMF, which normally includes drastic austerity measures.
Starting April 1, Gazprom will no longer offer Ukraine discounted gas prices because it is more than a year and $1.5 billion late on their debt payments to Russia’s largest gas producer for deliveries, Russian President Vladimir Putin said Tuesday.
Having spent all the money they can possibly borrow, the West’s rapacious governments are, like a drug-addled addict, desperate for more. To that end, taxes are on the up and a mantra of wealth redistribution is at the top of political wish lists.
Ukraine’s new Prime Minister, opposition leader Arseny Yatsenyuk, has promised the government would do its best to avoid a default, a difficult task as the country’s treasury is empty and the economy is in disarray.