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.
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