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dipsydoodle

(42,239 posts)
4. "searching for $10 billion to avoid possible default"
Mon Dec 9, 2013, 12:37 PM
Dec 2013

Well the IMF did offer to lend then some dough provided they increase the price of gas to their consumers - a condition they won't currently agree to.

Part of the reason Yanukovych wouldn't go with the EU deal was that the EU only offered a billion euros in support to help tide them over - Yanukovych wanted considerably more than that. Prices are high anyway - that's a reflection of the prices which Yulia Tymoshenko agreed to in 2009 for which she is now serving a prison sentence.

At least all this malarky helps keep them well away from any chance of becoming an EU member nation - they'd never meet the conditions implicit in joining the Euro.

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