Home > News > World
Thursday February 20, 2014 MYT 6:35:01 AM
Thursday February 20, 2014 MYT 6:35:49 AM
SAN FRANCISCO (Reuters) - The Ukraine's fundamental problem is that it suffers from an economic crisis and the country should ask the International Monetary Fund for help, U.S. Treasury Secretary Jack Lew said on Wednesday.
"At the core they have an economic crisis and they are going to need to deal with it," Lew told a conference hosted by the World Affairs Council.
"And the mechanism that's best for Ukraine to deal with it would be to come to the IMF and have a package where they put in place economic reforms where they get the support that they need in exchange for the steps to fix their economy," Lew said.
(Reporting by Noel Randewich; Additional reporting by Jason Lange in Washington; Editing by Leslie Adler)
Republican Romney opts out of a 2016 run for president
EU-wide toll could end road spat with Germany - transport chief
Greece says will not cooperate with 'troika' or seek aid extension
Russia wants U.N. Security Council help on conflict zone flight risk
Dynamic and Stylish BMW X1
Healthy living in the heart of Ampang
Head for the Hills: 'Hollywood' sign tourists spell trouble for locals
Amazon surprises with profit despite fierce spending
Depleted Saints bolstered by returns for Swans clash
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)