George Soros, Chairman of Soros Fund Management LLC and the Open Society Foundations, published article in The Wall Street Journal, presenting his view on current situation with Ukrainian debt negotiations. Famous American financier and philanthropist thinks that Russian aggression has taken a terrible toll on the economy of the new Ukraine, making its $19 billion in foreign debt unsustainable.
The Ukrainian government is fighting heroically for the structural reforms rooting out corruption, reforming the judicial system, weaning the country from Russian gas, integrating the economy into the European Union, boosting agriculture, cleaning up the banking system, and more. “If going into default is the only way to get debt relief, then investors will applaud, not condemn, Ukraine for doing it” - Soros says. Read more at http://www.wsj.com
