“The European Union offers a lot of words,” Kraus said, implying that nothing tangible would have come out of the deal. “What they don’t offer is what Ukraine needs – and that’s money.” “Ukraine is not vital to the EU,” Kraus explained. “It is a part of a geopolitical chess game and they’d like to take that piece. They are not going to spend a lot of money for it. They can’t, they’ve got Portugal, they’ve got Greece. Pretty soon they’ve got France.” The problem is that Ukraine is in dire economic strains. Ukraine is 2-6 months from default. They cannot raise money in markets. They are running a deficit. They are having a lot of trouble keeping the currency stable.”
Posted on: Sun, 01 Dec 2013 18:25:41 +0000