Saturday, 6 February 2010

Ukraine could avoid default

Ukraine's public finances will continue to be under pressure during 2010 in the absence of more rigorous reforms to both the energy sector and the pension system, according to Standard & Poor's Ratings Services. "However, even though the budget for 2010 is still undecided and the second round of presidential elections has yet to take place, Standard & Poor's remains of the opinion that default is far from inevitable," reads a company review.

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