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dipsydoodle

(42,239 posts)
2. In general the terms were
Thu Feb 27, 2014, 07:38 PM
Feb 2014

that they increased the price of gas to consumers, devalued their currency and reduced government spending. Each conveyed an ability to both service and repay the debt.

Those were the terms for Ukraine to either accept or reject. Ukraine accepted the terms and then welshed on the deal - twice. Looks like the IMF got fooled twice - I don't reckon msuch on Ukraine's chances of pulling that stunt again

Since the Greece debacle all such loans are now secured against state assets using English not relevant national law.

The aggregate cost long term of Ukraine accepting the EU trade agreement is foreseen to be c. $220 billion which is roughly equivalent to the entire bailout of Greece. If you want to start a collection for them here on DU feel free.

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