Results 1 to 20 of 1935

Thread: Ukraine (closed; covers till August 2014)

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #11
    Council Member Firn's Avatar
    Join Date
    Sep 2009
    Posts
    1,297

    Default

    The conservative Frankfurter Allgemeine printed an article from Svetlana Alexievich, a noted belorussian author with partial Ukrainian roots. A good deal of her work was on aspects of WWII and the Soviet war in Afghanistan. I think the article does a fine job at painting the various different moods in this conflict.

    ---

    What is at stake in Crimea? is a mostly political piece on this site usually devoted to economic research. Earlier they wrote about the emergency economic measures for Ukraine, which I missed.

    Their call for a debt restructuring caught my eye:

    One step is to bring in the IMF as well as other donors (EU, USA, etc.) to bridge the short-term gap in foreign currency reserves.

    These funds are essential to avoid a drastic immediate fiscal contraction in the immediate future. They are necessary to enable authorities to inject capital into Ukrainian banks. The amount of required support is likely to be in tens of billions of dollars. Moreover, a restructuring of some of Ukrainian debt is necessary to avoid outright default.

    1) Most of Ukraine’s external debt was accumulated under the previous corrupt regime.
    2) The new leaders have little moral obligation to commit to reimburse that debt, and creditors have little moral standing to demand repayment: they knew who they lent to.
    Last edited by Firn; 03-11-2014 at 08:22 PM.
    ... "We need officers capable of following systematically the path of logical argument to its conclusion, with disciplined intellect, strong in character and nerve to execute what the intellect dictates"

    General Ludwig Beck (1880-1944);
    Speech at the Kriegsakademie, 1935

Similar Threads

  1. Replies: 457
    Last Post: 12-31-2015, 11:56 PM
  2. Replies: 4772
    Last Post: 06-14-2015, 04:41 PM
  3. Shot down over the Ukraine: MH17
    By JMA in forum Europe
    Replies: 253
    Last Post: 08-04-2014, 08:14 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •