Yuriy Gorodnichenko, Maurice Obstfeld, et al. for PS On Point: Life or Debt in Ukraine

Anna Gelpern, Yuriy Gorodnichenko, Sean Hagan, and Maurice Obstfeld explain how Ukraine's government and creditors can avoid serious financial trouble [View this message in a web browser]( [PS On Point]( APRIL 29, 2022 Sovereign debt restructuring is seldom easy or pleasant, and Ukraine ultimately may be left with only bad and terrible options. But it should not be forced to choose between servicing its debt and surviving as a country, write Anna Gelpern, Yuriy Gorodnichenko, Sean Hagan, and Maurice Obstfeld. [Read more](. On Point [Life or Debt in Ukraine]( [Life or Debt in Ukraine]( By Anna Gelpern, Yuriy Gorodnichenko, Sean Hagan, and Maurice Obstfeld Given Ukraine's current debt burden and foreseeable financing needs, its official creditors should take the lead in deferring repayments and laying the groundwork for a debt-restructuring deal. Remaining in financial markets' good graces is the last thing the Ukrainian government should have to think about right now. [Read more]( [Spring Sale, Save 50%]( The Big Picture [The Putin Slump]( [The Putin Slump]( with Kenneth Rogoff, Mohamed A. El-Erian, Ngaire Woods, and more Fears of a global recession are mounting as the fallout from Russia’s invasion of Ukraine batters a world economy that had not fully recovered from COVID-19. In the event of a severe downturn, will rich countries concerned about boosting growth and taming inflation be inclined to help crisis-hit poorer economies? [Read more]( Say More [Mark Leonard on the Russia sanctions, European security, China’s view of the Ukraine war, and more]( [Mark Leonard on the Russia sanctions, European security, China’s view of the Ukraine war, and more]( [Mark Leonard]( warns that the sanctions against Russia could hasten the demise of the Western-led international order, touts Europe’s geopolitical awakening, considers how the Ukraine war might reshape the Indo-Pacific, and more. Leonard is Director of the European Council on Foreign Relations and the author of [The Age of Unpeace: How Connectivity Causes Conflict](. [Read more]( Previously in On Point [Regulating the Crypto Wild West]( [Regulating the Crypto Wild West]( Raghuram G. Rajan interviewed by Project Syndicate The explosive growth of cryptocurrencies and digital assets has left financial authorities scrambling to understand what is going on. But though this burgeoning sector is known for its frontier spirit and commitment to innovation, plenty of the risks it poses should already be familiar to regulators. [Read more]( [Catch all the conversations from out latest virtual event, Finance 3.0.]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.