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Issue #73 Sep. 15, 1998

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Ukraine defaults on domestic debt

Ukraine defaults on domestic debt to banks, forces conversion to long-term treasury bills. "With this order, banks are driven to the verge of bankruptcy," said Valeria Hontareva, financial director at Societe General in Kyiv. Ukraine offers a training base to NATO. Police want Ukrainians to turn in their guns. Publishing house blues.

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