Germany praised Ukraine’s new government for pursuing an “ambitious” path to overhaul its economy as the country seeks to expand a bailout that financier George Soros said may require as much as $50 billion.
In Germany to seek new loans on top of Ukraine’s $17 billion International Monetary Fund-led rescue, Prime Minister Arseniy Yatsenyuk warned that Ukraine’s separatist conflict is a threat to Europe and people in the country’s easternmost regions were “hostages of Russian terrorists.” Bond yields fell for a second day as Soros said that the conflict poses a bigger danger to Europe’s economy than Greece.
