Is Ukraine The Next In Line For Default?

As Greece concludes its vote to reject IMF austerity measures and impossible “debt repayment mechanisms” and as the Puerto Rican debt cauldron bubbles off the shores of the United States, there is yet another country whose debts to private bankers, the IMF, and other “creditors” is about to come due – Ukraine.

Around the end of July, approximately $15.3 billion dollars of bonds will be due to be paid to a wide variety of creditors – government, IMF, and private holders. On July 26, however, Ukraine will be unable to pay the money it owes to those creditors.    ***Read full article here***