Wednesday, November 25, 2009

MEANWHILE BACK IN THE UKRAINE

BANZAI7 NEWS--Ukraine sought to calm foreign investors' fears of a sovereign default after European markets wobbled last week on the consequences of the restructuring of a syndicated loan by the state railway firm. Investors have feared a state default throughout the year as the ex-Soviet state plunged deep into recession and most recently as the International Monetary Fund suspended its $16.4 billion bailout programme.

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