: :inin Kyiv (EET)

Without attracting investment, the policy of saving cannot overcome the financial crisis

In his comment to the news agency BBC, Economic Research Consultant of the Razumkov Centre Volodymyr Sidenko spoke about the lessons that Ukraine should have learnt from experience of the financial crisis in Greece.
Living in debt for years is a totally unacceptable policy which eventually leads a country into huge problems. We can see it not only in Greece but also in Ukraine.
The second lesson: a way out of such situation is long, painful, and requires great sacrifices – reducing consumption and many social programmes. This should also be kept in mind in terms of Ukraine’s prospects.
Thirdly, this problem is …read more

Source: Razumkov Centre

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