Interesting but predictable development: The Ukraine has accepted an austerity deal with the IMF. To start, approx. $15 billion will go to prop of the failing economy. Proven compliance will bring up to $27 billion. Additional billions will come from the US and EU. The inflation rate is predicted to soar while earnings and benefits will tumble or be critically cut altogether. 80,000 military, police, security, State employees etc. will have their jobs eliminated. So what will be the natural result? (No degree in Rocket-Science required) With Ukranian assets severely devalued, Western corporations and concerns will gobble up Ukranian resources for pennies on the dollar and the hope of a truly autonomous Ukraine will evaporate like a hookah smoking caterpillar.
Posted on: Sat, 29 Mar 2014 18:43:00 +0000
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