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You're reading: Bloomberg, Ukraine, Greece and default

This statement by Bloomberg, indicating that Ukraine is in line after Greece, heading towards a default, resonated considerably around Ukraine and beyond.

Analysts say that talk of a possible default of Ukraine has existed throughout the 20 years of its independence, and yet such a collapse never took place. As noted by the president of the non-governmental Centre for Economic Development, Alexander Paskhaver, in the midst of the economic crisis in 2008 the risks of default by Ukraine were several times higher than now and today there are no objective parameters which indicate that Ukraine will not be able to pay off its debt in 2012. Paskhaver finds the talk of an illegal default to be illegitimate in itself, given that Bloomberg indicates only of an increasing difficult situation, not of default itself:

“This is nothing more than a signal that the situation is not easy,” says Paskhaver.

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