Timothy Ash writes from London: “Friendly message to Ukrainian policy makers: ‘Wake up and smell the roses.’ Have you been reading the FT lately? Look at Argentina, Turkey, Brazil, South Africa, India which are all seeing pressure on their currencies. You don’t have time to play games with the IMF. There is no room for negotiation. If you don’t move quick, you will have an FX currency crisis on your hands this side of elections.”
Timothy Ash writes from London:
