EU in 'La-la Land'

'La-La Land': 'EU doesn't have political capital to spend on Ukraine'

Meanwhile with Ukraine's economy balancing on the verge of default, the country's new leadership is welcoming Western diplomats in the hope of getting urgent aid. EU foreign policy chief Catherine Ashton has promised support and Washington said it will weigh in too, in addition to an IMF package. 

Let's now get more analysis on this from Patrick Young - an expert in global financial markets from the DV Advisors group