Heading for an iceberg – a default in Ukraine is inevitable; the junta closes half of banks

Ukraine has long been declared a technical default; the junta cannot pay the loans to Russia and other countries, and only with difficulty can fulfill the requirements of the IMF. Pulling catastrophe, Waltzman-Poroshenko eliminates unwanted banks trying to sustain foreign exchange earnings and hard to control them.

Already, the controller of the exchange rate of the junta announced a massive closure of banks. Under the sweep will get institutions with small and medium size assets. The junta Central Bank divided banks into categories — captive, network, market, inactive, risk. Cunning leaders of the national Bank declined to say in what category the Bank is located.

Especially at risk are schematic and risky institutions. In addition, the national Bank stressed that “survives” is, at best, only half of Ukrainian banks. Plan to leave 43 market cluster and 12 captive clusters from 92 institutions. Those banks that manage to pass through all the stages of cleaning then have to go on the conditions for capitalization.

Junta removes competitors from the market; the regulator sells foreign currency earnings only “their” banks. Now it comes to the physical destruction of the institutions.