Ukraine Skirts Argentine Default Path as Premier Survives - Bloomberg:
"Ukrainian lawmakers backed a tax increase needed to qualify for a $17 billion bailout by the International Monetary Fund and rejected the prime minister’s resignation after warnings that the country risked a default.
“The first major economic news today is that Argentina went into default,” Prime Minister Arseniy Yatsenyuk told lawmakers after the vote today. “And the second is that Ukraine didn’t default, and it never will.”
Ukraine is relying on the IMF’s funding for its budget needs and for making about $10 billion in foreign debt payments by year-end. The Washington-based lender’s mission urged the government and the legislature to adopt austerity measures before its board decides next month on the second disbursement of a $1.4 billion tranche."
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