Eric LeCompte writes for Barron's on Ukraine's debilitating debts. Read the full article here.
Ukraine’s Debts Will Be Debilitating, Unless the World Helps
By Eric LeCompte
The images of families fleeing and the decimation of Ukraine are heartbreaking.
Not since World War II have we seen a humanitarian crisis in Europe on this scale. Unlike World War II, we are witnessing the human suffering in real time as it unfolds on screens and social media. While the United Nations reports around 750 civilians have been killed and injured, including children, they assert the numbers are likely much, much higher.
Unfortunately, while there are critical things that must be done, our failure to implement full financial crisis solutions limits the scope of the financial crisis response for Ukraine.