Some hat tricks are best avoided. Given the turmoil on global financial markets, the prospect of a third general election in Ukraine in as many years is one such instance.
Investors have grown tired of much-needed economic and fiscal reforms being stymied by the infighting between president Viktor Yushchenko and prime minister Yulia Tymoshenko. In the space of little more than a week in October, early elections were called for December 7, postponed to December 14, then to January and then apparently cancelled, before Yushchenko said the elections could take place on December 7 after all. Tymoshenko, who is bitterly opposed to the elections, is as a result refusing to pass laws designed to deal with the financial crisis. "The political landscape looks...
