The debt deal Ukraine has painstakingly negotiated with its creditors is welcome and preferable to the alternative: a default that would have put additional pressure on the country's shaky banks and led to both capital flight and a protracted battle in the courts. But amid all the backslapping a bit of perspective is needed.
2015 Economic Crisis
The Guardian: Ukraine’s debt deal is better than defaulting
Ukrainian Finance Minister Natalie Jaresko gastures as she speaks during an interview with an AFP journalist in Kiev on Aug. 27, 2015.
