"If efforts to forge a newly generous package get bogged down in trans-Atlantic negotiations and the institutional requirements of the International Monetary Fund, the moment to help Ukraine gain a solid economic footing may be lost. And should its currency, the hryvnia, meanwhile succumb to panic and meltdown, the opening for freedom may be squandered. The most expedient way to establish a sound-money foundation—in keeping with Ukrainian aspirations for an independent nation capable of succeeding in the global economy—would be to initiate a currency board," writes Judy Shelton in the Wall Street Journal.
"While Ukraine does have linguistic, cultural and religious divisions, the dividing lines are far from clear. Yes, there are western provinces that were once under Hapsburg rule where Ukrainian nationalism runs strong, and Russians in Crimea who are not reconciled to being part of Ukraine and are now demonstrating against the changes in Kiev. But, in the rest of the country of 46 million people, languages, ethnic identities and loyalties are mixed and muddled," writes Serge Schemann in the New York Times.
U.S. Envoy: China, Japan Must Ease Tensions in Disputed Sea