ONE-THIRD OF UKRAINE’S BANKS IN TROUBLE.

The UkrainianNational Bank has identified 77 of the country’s 200 banks asbeing in difficulty and needing rehabilitation, Interfax-Ukrainereported July 11. Five of the banks have been closed and threehave been merged with larger banks, but most of those in troublehave been unable to find buyers. In a related statement, the country’sleading bank said that Kiev must not loosen up its monetary policy–asPresident Leonid Kuchma has proposed–lest it lose Western support.

Moldova Links Conflict Resolution With Reform.