There is more and more evidence that Ukraine could declare default soon... The Financial Times reported on November 10 that Franklin Templeton Investments, one of the US largest investment funds, acquired the bonds of Ukrainian government worth $ 5billion, accounting for 20 percent of the Ukrainian foreign debt... Franklin Templeton possesses all the makings of a financial vulture. The acquisition of 20% of the debt proves Ukraine is at the threshold of plunging into default. The financial vultures have bulldog grip. They will not let Ukraine, their new victim, go. The recent decision handed down by New York court in favor of financial vultures and to the detriment of Argentina has inspired them in their endeavor to achieve more victories. Another and the most famous case as yet may be the victory to be held over Ukraine...
Valentin KATASONOV | 13.11.2013