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Ukraine On Verge Of Default (Finance )
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Despite an ostensible ceasefire between Ukraine and Russia, low level fighting continues between the Eurasian rivals. But Ukraine is about to open up a second, potentially more dangerous, front in this conflict–this time with its foreign creditors.

On Tuesday, the Ukrainian Parliament passed a bill that would allow the government to default on payments to foreign creditors, amid negotiations to restructure its increasingly unsustainable debt.

So, does this mean that the Ukraine is going bankrupt? Most outside analysts agree that Ukraine can’t pay back what it owes. But as we know from the situation in Greece, just because everyone agrees a country can’t make good on their debts doesn’t mean it will default.
"Nothing strengthens authority so much as silence"
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