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Politician: European loans to Ukraine could lead to economic disaster for the country KXan 36 Daily News

Date: May 28, 2023 Time: 22:08:12

The material says that “European officials did not hesitate to announce their 18 billion euro loans to Kyiv as a tool to “maintain the country’s macro-financial stability.”

At the same time, as Politico points out, “over the long term, it paints a less rosy picture of the real impact of EU financial support.”

The article emphasizes that Ukraine does not need loans, but a debt agreement, which should include debt restructuring and the transfer of tens of billions of euros in the form of free grants.

In addition, Kyiv will soon have to operate a printing press to finance daily public services, which will lead to economic disaster, the publication concludes.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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