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Saturday, 7 December 2013

Ukraine Spared the EU and Itself - Bloomberg

Ukraine Spared the EU and Itself - Bloomberg:

"Much has been said about the defeat the European Union suffered with Ukraine’s sudden refusal to sign a trade and association agreement. The contrary is true: The EU has had a lucky escape and so have the Ukrainian people.
Ukraine has a dysfunctional economy that faces imminent default. It cannot afford another destabilizing revolution. Rather than make a grand geostrategic choice between East and West, the country needs round-table talks similar to the ones that helped bring about a peaceful end to communism in Poland in 1989. These negotiations should resolve Ukraine’s political logjam and reach agreement on reforms to resuscitate the economy.
The to-do list for Ukraine has been known for a long time: a functioning democracy and a market economy with firm and transparent rules. Yet there has been no political will to take the steps required, because doing so would endanger the vested interests of too many of Ukraine’s political leaders and business leaders. Short of a miracle, Ukraine will continue muddling its way down."

'via Blog this'

Friday, 6 December 2013

Ukraine Stumbling Back Into Gazprom’s Welcome Embrace - MoneyBeat - WSJ

Ukraine Stumbling Back Into Gazprom’s Welcome Embrace - MoneyBeat - WSJ:

"The uneasy standoff in Ukraine has shown the true extent of how the country is torn between the comforts of familiar ways and the possibilities of new beginnings.

The country’s 11th-hour volte face on a trade deal with the European Union means that, once more,  it will become reliant on the largess of its eastern neighbor and former master, Russia. And this comes despite Moscow having turned the gas off on Ukraine twice in the past seven years.

European leaders want a resolution to the crisis that is paralyzing Ukraine. Russia is making hay, alternatively decrying Europe’s reaction as “hysterics” and denouncing the protests as “pogroms” fomented by foreign forces, depending on who is listening.

As a consequence of all this, a delegation from Ukraine failed to show up to sign a deal that could open a natural gas supply route via Slovakia. The deal would have opened up a major gas supply route to Ukraine that could have significantly reduced Kiev’s dependence on Russian supplies."

'via Blog this'

Ukraine top 100 best sights and attractions | Full-HD presentation