Ukraine is on the brink of securing a debt deal that Greece can only dream of (20% HAIRCUT)

``The deal will effectively restructure £11.7bn of Ukraine's total foreign loans, thus helping the country avoid the drawn-out negotiations suffered by Greece in recent months. It also unlocks support from the International Monetary Fund and halts principal payments for the next four years to help the country get back on its feet... it's not clear what will happen if Russia, a major creditor not present at the talks, decides not to participate. The domineering neighbour is unlikely to view the deal favourably given that the Ukrainian finance ministry released a statement saying the deal will allow more money to be channelled into fighting pro-Russia separatists.''