Business

No easy bailout plan for Ukraine

By DAVID McHUGHJUERGEN BAETZ
Published February 25, 2014 6:40pm ET
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No easy bailout plan for Ukraine
A woman walks past a local bank set on fire in Kiev's Independence Square, the epicenter of the country's current unrest, Ukraine, Tuesday, Feb. 25, 2014. Ukraine needs money, and fast _ in weeks, not months. But bailing out the country of 46 million people will not be as easy as simply writing a big check. For one, Ukraine has already burned the main international financial rescuer, the International Monetary Fund, by failing to keep to the terms of earlier bailouts from 2008 and 2010. Now it needs help again, and its economic and financial problems are worse than before. (AP Photo/Marko Drobnjakovic) | Marko Drobnjakovic

KIEV, Ukraine (AP) — Ukraine needs money, and fast — in weeks, not months. But bailing out the country of 46 million people will not be as easy as simply writing a big check.

For one, Ukraine has already burned the main global financial rescuer, the International Monetary Fund, by failing to keep to the terms of earlier bailouts from 2008 and 2010.

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