Marcus Ashworth, Columnist

Ukraine Shows Italy How to Do a Bailout

Ukraine shows it helps to be decisive.

December 20, 2016 at 9:55 AM UTC

Marcus Ashworth is a Bloomberg Opinion columnist covering European markets. Previously, he was chief markets strategist for Haitong Securities in London.

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Nationalizing your biggest bank is never a happy affair but, if you have to, do it quickly.

Ukraine moved swiftly last weekend -- alongside the International Monetary Fund -- to clean up its banking system by taking over Privatbank, securing a stable deal for depositors and preventing systemic risk.