Thursday 11 December 2014

Ukraine Premier Raises Risk of Default In Pressing for More Aid - NASDAQ.com

Ukraine Premier Raises Risk of Default In Pressing for More Aid - NASDAQ.com:



"Lawmakers gave initial approval Thursday to a government program containing the outline for an economic overhaul aimed at stabilizing the country's finances, as Western backers prepare a new aid package.



Prime Minister Arseniy Yatsenyuk had raised the risk of possible default in calling on parliament to support the measures, although his finance minister played down the likelihood of that scenario.



Ukraine's international creditors have demanded sweeping economic changes, including spending cuts and other politically painful measures, as a condition for any further assistance."



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