COMMENT: Red lights are flashing for the Ukrainian hryvnia - BUSINESS NEW EUROPE:
"Timothy Ash of Standard Bank
September 13, 2013
Suffice to say I am getting very worried now about Ukraine - I think the Rubicon has been crossed. The Ukrainian hryvnia has always benefited from being a "boy that cried wolf" from most EMEA analysts, but the news flow/mood music is just getting really ugly, and all the local press coverage is talking down the hryvnia – the sense is that the administration is now giving up the ghost, and recognises that it can now longer support/defend the hryvnia.
Red lights have been signalling for investors in Ukraine for some years now, a reflection of difficult fundamentals. Herein we would identify: "
'via Blog this'
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