Wednesday, February 26, 2014

Analysis

Analysis

Ukraine's new leaders are tasked with not just forming a new government, but also stabilizing the country, finding the fugitive former President Viktor Yanukovych, and staving off a looking financial catastrophe. They must also transform the basic way the country is governed and its economy is run.
In order to unlock billions of dollars in emergency loans from the International Monetary Fund, interim officials must agree to reforms in key areas such as the gas and agriculture industries. They must also overhaul the country's judiciary, where, in the words of one expert, Adrian Karatnycky of the Atlantic Council, court decisions were decided by "a phone call from the presidential administration."
And there are many more areas. All them carry heavy political and economic risks, and could spark a backlash from interested or affected groups - for instance, the Berkut themselves. Or Ukrainians forced to pay higher gas prices. Or the industry tycoons, who will see their revenues diminish. But not doing anything will also unleash a reaction - especially from the still-present protestors on the Maidan. The government can't afford not to act    bbc

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