Ukraine: "The package is very unpopular, complex, hard reforms that have long needed to be done"

[grahamhgreen]

Here comes austerity, privatization of public assets, and Monsanto:

LONDON — After three weeks of urgent negotiations with the interim government of Ukraine and in an atmosphere of great power competition, the International Monetary Fund announced on Thursday an agreement to provide up to $18 billion in loans over two years to prevent the country’s default.

snip

Posting later on Twitter, Mr. Yatsenyuk wrote: “The government will not allow the bankruptcy of Ukraine. The package is very unpopular, complex, hard reforms that have long needed to be done, submitted to Parliament.”Senior Western officials said on Wednesday that the loans from the United States and from the I.M.F. would be structured to get the government through its first few months without undue political upheaval, putting off some of the more difficult changes until after the May election.

[Tierra_y_Libertad]

1. As I heard my first day at boot camp: "You'll be Sorrrrrrrry".

[The Magistrate]

2. People Are Still Out In The Streets, Sir

The fellow seems to forget that.

This is a time to do things that are popular....

[grahamhgreen]

5. My guess is there will be a party with that cash til after the election.

[tech3149]

3. Just another deal with the devil

Sooner or later people will learn that the IMF is nothing more than a payday lender for nations.

[HereSince1628]

4. Bad, indebted, Ukraine looks to be worth pilfering by both sides.

The IMF is about as much a friend to nations as Wells Fargo is to mortgagees.

As far as Russia is concerned it's millions of consumers to be corralled into a Eurasian market zone run on rubles.

Ukraine is just grist for the mill of greed.