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Ukraine Teeters as Citizens Blame Banks and Government
The New York Times ^ | 01 Mar 2009 | CLIFFORD J. LEVY

Posted on 03/03/2009 7:46:04 AM PST by BGHater

Steel and chemical factories, once the muscle of Ukraine’s economy, are dismissing thousands of workers. Cities have had days without heat or water because they cannot pay their bills, and Kiev’s subway service is being threatened. Lines are sprouting at banks, the currency is wilting and even a government default seems possible.

Ukraine, once considered a worldwide symbol of an emerging, free-market democracy that had cast off authoritarianism, is teetering. And its predicament poses a real threat for other European economies and former Soviet republics.

The sudden, violent protests that have erupted elsewhere in Eastern Europe seem imminent here now, too. Across Kiev last week, people spoke of rising anger about the crisis and resentment toward a government that they said was more preoccupied with squabbling than with rallying the country.

The sign held by Vasily Kirilyuk, an unemployed plumber camped out with other antigovernment demonstrators here in the past week, summed up the pervasive frustration: “Get rid of them all,” it said.

Mr. Kirilyuk did not hesitate to take that further. “There will be a revolt,” he said. “And people will come because they are just fed up.”

Mr. Kirilyuk, 29, was standing in the same central square where throngs in 2004 carried out the Orange Revolution, a seminal event that brought to power a pro-Western government in Ukraine. He said he was a fervent supporter then of the protesters, but now he and a few dozen others who have set up tents here are demanding that the heroes of that revolution step down.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: banks; economy; europe; ukraine

1 posted on 03/03/2009 7:46:05 AM PST by BGHater
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To: BGHater

Vasily is on to something.


2 posted on 03/03/2009 7:48:57 AM PST by Eric in the Ozarks
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To: BGHater

Another financial coup???


3 posted on 03/03/2009 7:48:59 AM PST by jessduntno ("Barack Obama is not who we thought he was." - David Brooks, Boy Genius)
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To: Eric in the Ozarks

Vasily’s quote needs to be on all our Tea Party protest signs. I know it captures my sentiment.


4 posted on 03/03/2009 7:50:46 AM PST by OB1kNOb (Economists predicting a quick recovery are like the band that continued playing on the Titanic.)
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To: OB1kNOb

yup.


5 posted on 03/03/2009 7:54:51 AM PST by Eric in the Ozarks
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To: Eric in the Ozarks

Plumbers seem to be rising to the top of the heap in making political commentary

First Joe, now Vasily


6 posted on 03/03/2009 7:59:56 AM PST by silverleaf (Freedom's just another word for "nothing left to lose")
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To: BGHater

Ukraine, Michigan, California.....


7 posted on 03/03/2009 8:04:33 AM PST by Leisler
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To: silverleaf

Plumbers seem to be rising to the top of the heap must be obama has cleaned out the pipes and safe at the banks.


8 posted on 03/03/2009 8:12:24 AM PST by Vaduz
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To: BGHater

***...a collapse in Ukraine could wreck what little investor confidence is left in Eastern Europe, whose formerly robust economies are being badly strained.***

I wonder how Soros is placing his monetary orders? Russia should love him.


9 posted on 03/03/2009 8:14:29 AM PST by kitkat (THE DAY WE LOSE OUR WILL TO FIGHT WILL BE THE DAY WE LOSE OUR FREEDOM.)
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To: BGHater

embittered by free markets and freedom

many will choose communism again.


10 posted on 03/03/2009 8:20:38 AM PST by ken21 (the only thing we have to fear is fdr deja vu.)
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To: kitkat
I wonder how Soros is placing his monetary orders?

This evil being needs to be taken out!

11 posted on 03/03/2009 8:27:06 AM PST by End_Clintonism_Now (POLITICAL DISSIDENT as of 11/4/08)
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To: BGHater

A plumber without a job, what ?

Did people stop pooping in the Ukraine?


12 posted on 03/03/2009 9:52:19 AM PST by MD_Willington_1976
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To: silverleaf

Vasily for president !


13 posted on 03/03/2009 10:04:25 AM PST by Eric in the Ozarks
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