Victory to the Swift
Ukraine Shows Italy How to Do a Bailout
Ukraine shows it helps to be decisive.
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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.
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Ukraine Shows Italy How to Do a Bailout