Reluctance towards reforms comes with high costs. «Greece’s fiscal odyssey: Pushing back against austerity» by Maria Petrakis published on «Bloomberg» on July 12, 2015 explains what has been happening in Greece. Follow the link and enjoy!
High public debt should not necessarily cause panic. Everything depends on the amount of “fiscal space” a government enjoys. “Public debt: How much is too much?” by S.K. published by “The Economist” on June 3, 2015 sheds light on this concept. Follow the link and enjoy!
Debt statistics as of the end of 2014 have been published.
In October, Ukraine’s national debt decreased by UAH 16.7 billion, or by 1 percent of GDP. The reason behind this is that the NJSC Naftogaz Ukraine repaid its Eurobonds. However, debt will soon exceed UAH 1 trillion.
In September, Ukraine's debt increased by 6.9%. Loans from the IMF and from the World Bank as well as the ongoing recapitalization of "Naftogaz Ukraine" were the primary reasons for this increase. The situation with Ukraine's debt is indeed rather unpleasant, but not fatal.