The Euro Economy

Archives for Ukraine

Back in December, former USAID project officer Josh Cohen described the scale of corruption in Ukraine so breathtaking that “a Nigerian prince would be embarrassed.” Since then, the Nigerians actually were embarrassed, this time by British Prime Minister David Cameron’s who quipped that the country was “fantastically corrupt” prior to the May 12 Anti-Corruption Summit… » read more

Posted by Meredith Smith

It’s 2015 and Ukraine has much in common with the famous cartoon from the 1950s. Like the Wile E. Coyote, its economy ran over the hill and is now suspended mid-air, treading on air. Inflation is upwards of 25%, foreign currency reserves are melting away to prop up a tumbling currency, the GDP contracted by… » read more

Posted by Meredith Smith

  Ukraine just can’t seem to catch a break these days. With the annexation of Crimea by it’s self-proclaimed motherland and a potential military conflict looming on the horizon, the government appears wholly unequipped to deal with the economic calamity that now faces Kiev. All heads have turned towards the IMF as it comes to… » read more

Posted by Meredith Smith

While Ukraine’s European fate may be dominating the headlines as tens of thousands of pro-European demonstrators flood Kiev’s public spaces, a deeper source of tension looms beneath the surface, largely outside the eye of the non-financial media. At the heart of the tensions are accusations by the EU’s competition authorities that Gazprom has abused its… » read more

Posted by Meredith Smith

The Nations In Between

Ex-USSR states are still getting caught between Brussels and the Kremlin. Twenty years on from the breaking up of the Soviet Union, political and economic pressures are forcing ex-bloc members to decide: return to their old superpower master Russia, or turn to the west and democratise for a future in the EU. It’s a process… » read more

Posted by Meredith Smith