It must be realized that the current macroeconomic crisis is due to the economic policy within the last 3 years and not the recent protests, Dr. Ricardo Giucci stated during the lunchtalk at Bruegel’s in Brussels.
He explained that the problems Ukraine faces now resulted from 3 main policies during the years 2010-2013. The fixed exchange rate, subsidized energy prices and the expansive fiscal policy have always been key issues in this context, he claimed.
The new Kyiv government cooperates with the IMF and has to implement far-reaching reforms regarding the exchange rate, fiscal consolidation, energy prices and the bank system.
Nadiya Tsok, deputy head of the Ukrainian Mission to the EU, informed about priorities and achievements of the new government.
Presentation by Giucci “Overcoming Ukraine’s Macroeconomic Crisis»
Please also see our Policy Papers on the topics discussed: