Ukraine Heats Up

[bobabode]

Originally Posted by Boreas

I can't help thinking that the EU had no desire to turn the money over to Yanukovich, a kleptocrat who is beholden to Russia. This fits nicely with Victoria Nuland's leaked phone call and with our instantaneous support for the new regime.

John

That sure was a gold encrusted palace that Yanukovich had built for himself. Lifestyles of the rich and kleptomaniacs?

[Dondilion]

Originally Posted by Boreas

I can't help thinking that the EU had no desire to turn the money over to Yanukovich, a kleptocrat who is beholden to Russia. This fits nicely with Victoria Nuland's leaked phone call and with our instantaneous support for the new regime.

John

The lady before stole a lot too.

[4-2-7]

Originally Posted by bobabode

http://www.latimes.com/world/worldno...#axzz2v6V6Q1me

Looks like the EU is preparing to back the new Ukrainian government with a $15bn package.

It's the IMF

[Dondilion]

Originally Posted by 4-2-7

It's the IMF

Wow! Wow!

[bobabode]

Originally Posted by Dondilion

Wow! Wow!

"The EU’s assistance package would include $4 billion in loans and development grants over the next several years, with a substantial portion to be made available immediately “to help Ukraine address its more urgent needs, including stabilizing the financial situation and supporting the functioning of the new administration,” the EU said in a statement.
An additional $11 billion in financing would come from European financial institutions that invest in infrastructure and other development projects.
The aid package is contingent on Kiev’s agreement to implement economic reforms demanded by the International Monetary Fund."


http://www.latimes.com/world/worldno...#ixzz2v7HfLh3i

[piece-itpete]

[bobabode]

Originally Posted by 4-2-7

It's the IMF

The Banksters? Run for your lives.

[donquixote99]

I would.

These big economic actors don't know as much as they pretend, and are always pretty much winging it.

A couple years ago I heard the person from the Federal Reserve in charge of 'quantitative easing' pretty much say just that in an extended interview on NPR. They had no real idea how much of that to do, or what the effects would be.

The IMF in the past, according to critics, has forced senseless and destructive levels of austerity on recipient nations. In the absence of settled technical techniques for addressing these economic issues, I'd assume they would be decided by other means, in accordance with either intellectual fads, or particular interests.

[Boreas]

Originally Posted by donquixote99

A couple years ago I heard the person from the Federal Reserve in charge of 'quantitative easing' pretty much say just that in an extended interview on NPR. They had no real idea how much of that to do, or what the effects would be.

There's worse.

http://en.wikipedia.org/wiki/Confess...onomic_Hit_Man

John

[Dondilion]

Originally Posted by Boreas

There's worse.

http://en.wikipedia.org/wiki/Confess...onomic_Hit_Man

John

I was just thinking about said book.