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Fighting eases in eastern Ukraine but economic collapse now looms
LA Times ^ | 2-27-2015 | CAROL J. WILLIAMS

Posted on 02/27/2015 1:38:58 PM PST by Citizen Zed

Edited on 02/27/2015 1:40:40 PM PST by Admin Moderator. [history]

Fighting has eased between Ukrainian government forces and pro-Russia separatists in recent days as both sides have begun to withdraw heavy weapons but the greater danger now confronting Ukrainians is collapse of their debt-strangled economy.

The national treasury's hard currency holdings are estimated to have dwindled to less than $5.5 billion, or about as much as importers have traditionally spent every three weeks.


(Excerpt) Read more at latimes.com ...


TOPICS: Chit/Chat
KEYWORDS: ukraine
Maybe they can adopt the Euro?
1 posted on 02/27/2015 1:38:58 PM PST by Citizen Zed
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To: Citizen Zed

Yikes!


2 posted on 02/27/2015 10:40:23 PM PST by StoneWall Brigade (Daniel 2 Daniel 7 Daniel 9 Revelation 13 Revelation 16 Revelation 17 Revelation 18 Revelation 19)
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