Sounds good, in fact too good to actually happen. Mr. Gros is right to point out that most of the Ukrainian infrastructure is old inefficient and will not survive market competition. However, Mr. Gros is mistaken if he thinks that any effort by the EU (even if it is perfectly coordinated and backed up with sufficient funds) can reasonably quickly result in the creation of new and expansion of existing modern enterprises. Second, even if the plan succeeds (I live in eastern Europe and I can tell you for sure that it is not going to happen) modern means of production are usually much less labor intensive as compared to the old fashioned labor and energy intensive manufacturing lines currently working in the country. That means that most of the unemployed will remain so for a long, long time. In short if the Ukrainians follow the IMF/EU/US plans, skyrocketing costs of living, coupled with increased unemployment further deterioration of all state provided services (security, health, education..), the result will be disastrous for Ukraine and all EU/US plans for the region. The irony is that at the end of day Putin might prevail not despite of, but as a direct result of the realization of the EU/IMF/US plans.