"LONDON, Nov 14, 2013 (UBO) – Yesterday’s move by the European Parliament to extend the EU’s Kwasniewski-Cox mission came as no great surprise as Ukraine continues to waffle in the battle over the EU-Ukraine Association Agreement. Tim Ash, Standard Bank’s expert on emerging markets gave us his thoughts on the last move in commentary provided at 8:54 am today:
In this very tricky situation to call the only thing I would have waged my bottom dollar on is that the EU would blink at the first hurdle, and extend the deadline for making the decision over Ukraine's DCFTA to Vilnius. This now reads Yanukovych - 1: EU - 0, albeit the poker game rather than the football analogy is definitely the better one. The Yanukovych administration will likely read this as assuming that the EU will probably cave in at the last minute at Vilnius, as they will read that the EU needs Ukraine more than the other way around. Let's see on that one - many people will hope that the EU still has some basic principles to uphold, but then there is realpolitik."
'via Blog this'
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