2015 Economic Crisis
OP-ED
Nick Butler: Ukraine – the dangers of neglecting Europe’s other debt crisis
Ukrainian forces servicemen man a position during a battle with pro-Russian separatists near the village of Krymske in the Luhansk Oblast on July 9.
Politicians and policy makers can only focus on one problem at a time. With all attention concentrated on Greece for the past month there is a real danger that an even greater problem is developing, almost unnoticed, in Ukraine. The economy there is in deep trouble. A further collapse, perhaps triggered by a debt default, could lead to an outflow of refugees that would make the problem of migrants crossing the Mediterranean look trivial. Energy is at the heart of the crisis but could just possibly be part of the solution.
