In its Editorial Board publication BloombergView states that current international assistance to Ukraine, country suffering from external military aggression, is obviously not sufficient. The EU has given the government in Kiev just 2.21 billion euros ($2.47 billion) of new, direct financial aid -- a tiny sum when compared with the hundreds of billions Europe has spent bailing out Greece.
The International Monetary Fund is coordinating a $40 billion bailout designed to keep Ukraine solvent, however the Fund's own $17.5 billion program accounts only for less than half of that sum, The rest is supposed to come from bilateral donors, but this is falling short. In addition to the EU money, the U.S. is providing $3 billion in loan guarantees. Read more at http://www.bloombergview.com
The International Monetary Fund is coordinating a $40 billion bailout designed to keep Ukraine solvent, however the Fund's own $17.5 billion program accounts only for less than half of that sum, The rest is supposed to come from bilateral donors, but this is falling short. In addition to the EU money, the U.S. is providing $3 billion in loan guarantees. Read more at http://www.bloombergview.com
