Posted on 12/11/2014 12:19:06 AM PST by wetphoenix
Kiev. As cited by Itar Tass, Ukraine’s new Minister of Economic Development and Trade Aivaras Abromavicius said on Wednesday the country was in fact a bankrupt. “The state, as a matter of fact, is a bankrupt, so, it is simply unrealistic to expect us to offer real, but not declarative, programmes of motivation,” he said at a session of the Verkhovna Rada /parliament/ committee for economic policy. “Hence, the main thing now is not to impede businesses, and business will put things at rights.” He promised that it would take about two years for Ukraine to be ranked among top 50 countries in the Doing Business rating. “The government’s position is like this: rules for businesses - small, medium-sized and big - should be the same. No business should enjoy preferences, unnecessary privileges, monopolization of entire industries. Our position is to re-regulate this sphere to stop inspections, to cancel licensing that has no sense,” he said.
(Excerpt) Read more at focus-fen.net ...
Nobody is going to pay, of course. Russia is a single “empire” impoverishing itself supporting its “colonies” for some phantom geopolitical benefits. There need to be end to it.
Ukraine would be an outhouse of Europe, even worse than it is now. They would be literally repossessed by EU for debts and Germany would figurally do to them what it dreamed not so long time ago.
I won’t say I blame Germany because to know what Ukraine is you need to really visit a place. After looking at it and talking to people it is clear that no amount of money would ever fix their corruption. $30, $60 or $300 billion would disappear there like a drop in an ocean without any trace unless you are watching oligarchs’ and politicians’ Swiss bank accounts.
Thank you very much, you are so kind!
Luxury cars will be an insurance scam magnet.
Alternatively, you could bring it to E. Ukraine, where the rebels will steal it at gunpoint.
.... “when it bought $3 billion worth of [Ukrainian Government] bonds at the end of 2013 Russia inserted a clause that stipulates that the total volume of Ukrainian state-guaranteed debt cannot exceed 60% of its annual GDP. ... Given the parlous state of the Ukrainian economy and its government’s extremely weak finances, this essentially means that if Ukraine’s debt exceeds 60% of its GDP Russia can legally force it to default.”
additionally and remarkably.....According to two people who attended the EU meeting, concern over Ukrainian finances has become so severe that Wolfgang Schäuble, the German finance minister, said he had called his Russian counterpart, Anton Siluanov, to ask him to roll over a $3bn loan the Kremlin made to Kiev last year.
George Osborne, the UK finance minister, expressed surprise at the request, attendees said, saying the EU was now asking for help from Russia at the same time it was sanctioning the Kremlin for its actions in Ukraine.
http://www.ft.com/cms/s/0/9a3efede-7fc5-11e4-acf3-00144feabdc0.html
Something about small testicles...
That being said, Bayern is a strong team.
I think you’re going to be right...Nobody’s going to pay....but I do think they’ll certainly blame Russia and will as certainly expect Russia to pay up. Though they’re already asking Russia to role their due debt.
And you’re right about the Government....my gosh did you see how they made recent appointments just to get the Gov. formed so they could get the rest of the IMF loan? What a circus and they all knew it was. Sheesh they were making appointments “by groups” with no vetting of any kind!...and this despite those among them enraged it was happening as so.
I’ve always wondered about asking our Russian FReepers (and the other Russian apologists), what do they think of Gorbo? It might lead to an interesting conversation.
Ukraine will not recover unless the pandemic corruption is reduced starting with the Verkovna Rada
Soros lays out his two cents...
“The International Monetary Fund should provide the country with “an immediate cash injection of at least $20 billion with a promise of more when needed,” The nation’s partners should provide additional financing “conditional on implementation of the IMF-supported program, at their own risk, in line with standard practice,” he said.”
Why do you say it?:) Everybody here knows Ukraine coup has nothing to do with Soros /s
Must be a Kremlin propaganda!
They’d be OK if only they could get some printing presses from the EU or FEDERAL RESERVE, or have reserve currency status.
#88 here...
He's an idiot, plain and simple. I see nothing to discuss here.
Damn! Bet he won’t last long. Truth uttered unadulterated is likely to be his downfall
No. The Ukrainian public is well aware of the state-of-affairs. It's just too bad to be hidden. Scheduled blackouts, fired janitars, limited deposit withdrawing and so on.
"Cancelling free lunches for primary school pupils, increasing weekly school teachers' wage work hours from 18 to 22, partial compensation for sports schools enrollment, decreasing tution period for state-sponsored high education (bachelor degree to 3-4 years and masters' to 1 year) are also on the table."
These may cause the downfall instead.
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