THE FOOTNOTE TO THE SMALL PRINT OF THE IMF LOAN -- UKRAINE FAILS AGAIN

``In Lagarde's summing up for the press, there was calculated avoidance. "I would not want you to go away with the idea that everything is a risk and there are no bright spots, because there are bright spots in the global economy as we see it." Lagarde went further: "Russia is clearly an important partner of the IMF and one with which we are working steadily and which we very much count upon to ensure certainty, stability in the region." She ignored Ukraine.''