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You're reading: Nation will easily withstand second wave of crisis

Then, the crisis also started far away from our borders, but hit us harder than many others. So there is no surprise that many in Ukraine are worried that we will be affected by the new European problems.

However, this is 2011, not 2008. The current situation is complicated but there is no reason to panic.

First of all, the crisis might not happen in the acute form that many expect. Three years ago the main turbulence came as an aftershock of the bankruptcy of the American investment bank Lehman Brothers on Sept. 15, 2008. The panic that ensued because of the collapse of one of the pillars of Wall Street seized all the markets. The collapse of a European Lehman Brothers with a vast number of faulty securities in its portfolio could be a trigger this time, too.

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