Yulia Tymoshenko, an opposition politician often tagged as a populist, flatly rejected a default.

Yulia Tymoshenko, an opposition politician often tagged as a populist, flatly rejected a default. “It should not be allowed in any case and under any circumstances that default is declared in Ukraine,” she was quoted on the website of her Batkivshchyna Party. “This means a loss of confidence of all investors around the world in Ukraine for many years. No one can predict the hryvnia exchange rate. The exchange rate of the national currency usually plummets during default… default means a complete destabilization of Ukraine’s entire life, and this is an economic decay that will last for years.”