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The Washington Post…

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Статья из газеты об экономике Украины. В общем-то, в статье утверждается, что экономики почти нет.

Ukraine, to use a technical term, is broke. That’s what you call a country whose currency has lost half its value in just two days.

The problem is simple: Ukraine has no money and barely any economy. It’s already talking to the IMF about a $15 billion bailout and what’s euphemistically being called a debt “restructuring”—i.e., default—as its reserves have dwindled down to $6.42 billion, only enough to cover five weeks of imports. (Three months worth is considered the absolute least you can get by with).

So it was more than a bit belated for Ukraine to stop spending the few dollars it does have on propping up its currency, the hryvnia. It took until Thursday for it to do that, though, and, when it did, the reaction was swift and it was violent. The hyrvnia fell from 16.8 to 24.4 per dollar, and then again to 25.3 on Friday, on the news that the government wouldn’t intervene it in anymore. In all, it was a 50 percent decline in 48 hours. And this was despite the fact that its central bank simultaneously jacked up interest rates from 14 to 19.5 percent to try to get people to hold their money in hyrvinia that would pay them a lot instead of dollars that wouldn’t. That, as you can see, didn’t exactly work.

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