Tag: Bailout

Yanukovych’s Bankruptcy: Why Ukraine is Waiting for a Change of Power

December 19, 2013

This article in Forbes Russia predates yesterday’s surprising news that Ukrainian President Yanukovych has signed a $15 billion deal with Russia that has Russia buying Ukrainian government bonds and has Russia slashing the cost of natural gas from $400 per 1,000 to $268.5 per 1,000 cubic meters. As the BBC notes, this will not be […]

Latvia: the Next Cyprus?

July 29, 2013

Earlier this month, EU finance ministers gave their approval for Latvia to become the eighteenth member of the Euro in January 2014. It seems counterintuitive that the country of two million people would want to enter the perpetually distressed and recession-stricken economic zone. But for Latvia it has a variety of benefits, not the least […]