The Ukrainian authorities announced a default in July: The country faces new elections
Ukrainian Finance Minister Natalya Yaresko admitted the possibility of the country defaulting as early as July of this year. She stated this to reporters in Kyiv after a meeting of the Cabinet of Ministers with Western business partners.
This is how Yaresko commented on the statement of the American investment company Goldman Sachs, whose analysts reported that a default is inevitable if Ukraine is unable to reach an agreement with creditors.
“This is theoretically possible,” the finance minister admitted dryly.
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Ukrainian political scientist Vladimir Granovsky believes that in this case the resignation of the Ukrainian government will inevitably follow.
“When a default is declared in any European country, the government must resign, the majority in the Rada must be reformed and reconsider the economic policy adopted by itself. After which a new government should be formed for new tasks, the essence of which is a simple guideline: how to live within your means, understanding that you cannot count on external borrowings! If this does not happen, then the president must announce early elections,” Granovsky noted.
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