Ukrainian Minister Admits That The Country Is 'Bankrupt'

Thursday, 11 December 2014


Ukraine's Economy Minister Aivaras Abromavicius (Reuters/Valentyn Ogirenko)



Ukrainian PM Warns Of Default Risk, Calls For More Western Help -- Reuters



(Reuters) - Ukraine risks defaulting on its debt unless Western donors come up with more funds on top of the billions of dollars of financial aid already promised, Prime Minister Arseny Yatseniuk said on Thursday.



A year of revolution and war with pro-Russian separatists has pushed Ukraine's hryvnia currency to record lows and crippled the economy, which was already near bankruptcy after years of corruption and economic mismanagement.



Parliament on Thursday approved the new government's economic program of tough reforms aimed at securing the $27 billion so far promised by Western backers including the International Monetary Fund and the World Bank.



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More News On Ukraine Now Facing A Possible 'Default'



Ukraine Truce Shudders as PM Warns of Possible ‘Default’ -- Bloomberg



Ukrainian minister admits country is ‘bankrupt’ -- RT

Ukraine’s new minister of economic development says Ukraine is bankrupt -- iFocus

Ukraine Needs Additional $15Bln to Avoid Financial Collapse: IMF -- Sputnik

Ukraine Needs $15 Billion to Avert Financial Collapse – Report -- Moscow Times

Ukraine Faces Bankruptcy If It Cannot Secure A $15 Billion Bailout 'Within Weeks' -- Business Insider



About 100,000 teachers in Ukraine may lose jobs due to new government’s austerity program -- ITAR-TASS

Patients ‘dying of hunger & cold’: WHO raises alarm over healthcare in Ukraine -- RT



Leaked Document: Ukraine's Government Set To Eliminate... Everything -- Zero Hedge

Is Ukraine facing an humanitarian crisis? -- Deutche Welle

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