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Nor was this logic hidden from the Europeans in the immediate aftermath of the debacle. On November 28, 2013, according to Der Spiegel, European Parliament president Martin Schulz admitted that EU officials made mistakes in their negotiations with Ukraine. “I think we underestimated the drama of the domestic political situation in Ukraine.”43 Ukraine, he said, “had been in a deep economic and financial crisis” since the introduction of democracy.
Crashed: How a Decade of Financial Crises Changed the World
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