No one wants to see a Ukraine default – Swiss banker — RT Business:
"As Ukraine’s economy spins towards default, investors and bankers worry the financial turmoil will spill over into global markets, a scenario “nobody wants to deal with,” Arnaud Leclercq, Head of New Markets at Lombard Odier Darier Hentsch & Cie, told RT.
“The situation in the country is already in turmoil, very imbalanced and if you add to that a default, it would probably be a road to a much worse case scenario, that obviously nobody wants,” Leclercq said.
A Ukraine default will happen when the government announces it can no longer meet its debt obligations.
“Nobody would want to deal with that, because it will trigger a number of other consequences for the country itself. A ‘domino effect’ and a social effect,” Leclercq said."
'via Blog this'
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