Ukraine takes ‘odious’ path to default - FT.com:
"Ukraine’s decision last week to grant its government the power to stop foreign debt payments marks a distinct shift in tone for the wartorn and recession-battered country.
As negotiations between Kiev and its creditors stall and full-blown bankruptcy nears, the rhetoric of government communiques is shifting from conciliation to accusation.
Spot the difference in sentiment. In March a presentation to investors noted that “a collaborative process is paramount . . . Ukraine is committed to undertake consultations with its creditors”. By May the government declared it “has the right . . . not to return loans borrowed by [a] kleptocratic regime”."
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