FINANCIAL TIMES: Western leaders were scrambling to put together a rescue deal for Ukraine on Sunday, as the European Union’s top economic official warned that financial aid was imperative to save the country from bankruptcy.
“It will have to be measured in billions rather than hundreds of millions,” Olli Rehn, the EU’s economic commissioner, said on the sidelines of the meeting of G20 finance ministers and central bank governors in Sydney.
Intense discussions between the EU and its US allies suggested no bailout would be agreed without a new government willing to commit to economic reform… (more)
