From 24/7 Wall Street:

The IMF has grown tired of increasing government spending in Ukraine.

The agency had agreed to loan the nation $16.8 billion to offset its large national deficits. It is now withholding the latest $3.5 billion installment. The nation desperately needs the capital. According to The New York Times, “The monetary fund has forecast that Ukraine’s economy will contract 15 percent this year, with inflation running above 16 percent.”

Ukraine does not have access to other capital. The global debt markets will not fund a sovereign government that cannot…

Read full article...

More Cruxallaneous:

The euro is doomed

Ten looming geopolitical disasters

The 10 countries most likely to default