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IMF Demands Austerity for Ukraine

from Armstrong Economics:

The IMF (International Monetary Fund) announced on Thursday that a $14 to $18 billion “bailout” for Ukraine is contingent on Kiev’s imposition of stringent austerity measures. It is amazing that not even Obama would comply with such austerity. These people have no clue as to how to run a nation and their theories are more-likely-than-not going to hurt a lot of people. All Putin has to do is stand on the sidelines and wait for the IMF will destroy the economy of Ukraine as they did in Cyprus and Greece. Lagarde should impose her own austerity on France – but that will never happen. It seems there is one policy for the world, and another for the main players. The IMF in my OPINION is so corrupt internally and is being lobbied by the bankers to ensure they get paid at the risk of sending the people back into a massive economic depression.

Ukraine should default. They do not need a bailout to pay the bankers. This is a new government and no new government has ever paid the debts of the previous and that includes the USA that defaulted on the Continental Congress debts. Just go to Ebay and you can buy bonds of many countries and their currency that they all defaulted on.

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2 comments to IMF Demands Austerity for Ukraine

  • dave

    if this is true, this will play right into putins hand , making him out the hero, let the IMF start taking from the Ukraine, then when enough people start crying about the IMF stealing their wealth, just roll in as the savior of the Ukraine from the nasty low life banker IMF thieves from the west,

    will be interesting if the IMF does this very in your face style or not, on the Ukraine,

    and wars have started for less, also look up albert pike in his letter back in the 1800s for the blueprints for the world wars, the first 2 played out as written, the 3rd war is coming

  • Dredd

    This gets even better. Just read that Putin is treating the Ukrainian military quite respectfully. Originally theirvweapons were confiscated by the Russians. But with the Ukrainian soldiers that want to go back to the Kiev side. They have had all their weapons returned, with no hard feelings. I suppose the armed Ukrainian soldiers that go back to austerity Kiev will have wonderful things Fo r the new Kiev leadership. Checkmate!

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