Ukraine Versus the Vultures
Amid all of its other troubles, Ukraine cannot pay its creditors. The country needs more money, serious reform, and a rescheduling of its debt. Yet even the best efforts by the International Monetary Fund, the United States, and the European Union to achieve this will be hobbled by investment agreements that they themselves have pressed on Ukraine and many other emerging economies. Indeed, Ukraine could be left facing a string of complex and costly legal cases.