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It makes perfect sense for Ukraine to stop paying on its bonds. Any future restructuring will require similarly sensible thinking from all creditors -
Political uncertainty could derail the €2.5bn deal planned for October
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Worries that a new sovereign debt crisis is looming, despite central bank raising rates by 50bp and detailing new policy tool to manage govvie spreads
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Italian banks' funding plans thought unlikely to change despite negative impact of prime minister Mario Draghi's resignation
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Private investors have little doubt the international bondholders will aid Ukraine
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One investor queried whether Ukraine could afford a large back-payment of debt in two years' time
