Ukraine Spared the EU and Itself
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Dec. 6 (Bloomberg) -- Much has been said about the defeatthe European Union suffered with Ukraine’s sudden refusal tosign a trade and association agreement. The contrary is true:The EU has had a lucky escape and so have the Ukrainian people.
Ukraine has a dysfunctional economy that faces imminentdefault. It cannot afford another destabilizing revolution.Rather than make a grand geostrategic choice between East andWest, the country needs round-table talks similar to the onesthat helped bring about a peaceful end to communism in Poland in1989. These negotiations should resolve Ukraine’s politicallogjam and reach agreement on reforms to resuscitate theeconomy.