Economy: Much skepticism

FT Aplhaville has a post about Ukraine's economy and fear of a domino effect in the  region. Daily Telegraph also mentions the economic problems that threaten eastern Europe. Strong words in the Telegraph article on Ukraine's situation. 

Its $16bn rescue of Ukraine has unravelled. The country – facing a 12pc contraction in GDP after the collapse of steel prices – is hurtling towards default, leaving Unicredit, Raffeisen and ING in the lurch.


In a related note, the prime minister claim of cooperation between the IMF and the government was disputed by the president.

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