Ukraine’s President To Meet Merkel and Putin

Ukrainian President Petro Poroshenko said on Thursday he would call on Russian President Vladimir Putin to rein in pro-Russian separatists when the two men meet next week and told the Kremlin chief he had “a strong country, a strong army” behind him.

Poroshenko spoke as government forces, despite taking heavy losses themselves, thrust deeper into rebel-held territory in Ukraine’s Russian-speaking east and kept the separatists whom they have battled since April on the back foot.

The Ukrainian battlefield successes, after a faltering start in April when government forces were humiliated, have alarmed some Western governments who fear they could box Putin dangerously into a corner with no way out to save face.

German Chancellor Angela Merkel is scheduled to visit Kiev on Saturday to show her support for Poroshenko – but diplomats say she is also bearing a message that he should consider calling a ceasefire so as not to incur a backlash from Putin.

Poroshenko, who will oversee emotion-charged Independence Day celebrations on Sunday in Kiev in which veterans from the eastern front will take part in a military parade, talked tough on Thursday.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza