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You're reading: Ukraine’s dismal finances offer no simple way out

Ever since the financial crisis of 2008-9, Ukrainians have worried about a second wave of crisis. I have long said that there is no need for it and that it is unlikely.

To my surprise, alas, the current government has not alleviated the causes but on the contrary added reasons for a new financial crisis. Therefore a new financial crisis appears increasingly likely.

Ever since the financial crisis of 2008-9, Ukrainians have worried about a second wave of crisis. I have long considered it unnecessary and unlikely.

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