New Ukrainian leader promises Greek-syle economy

[Brian4Liberty]

The Central Bankers have conquered the Ukraine, and now it is time to reap the rewards. Following in the footsteps of Italy and Greece, the Ukraine will borrow far more money than it can pay back, in exchange for austerity measures which will boil-down to squeezing the Ukrainians and their economy for every bit of wealth possible. It will be a redistribution of wealth, from the peons to the Central Bankers. Debt is the drug, Central Bankers are the dealers, and politicians are the addicts. The common man is the grape that must be squeezed to produce wine for the elite.

First off, a little background on the Greek situation. In 2011, under "emergency" circumstances, Former European Central Bank vice-president Lucas Papademos was named Greece's Prime Minister. Papademos was educated in the US, and was the Senior Economist at the Federal Reserve Bank of Boston. He then moved on to the Greek Central Bank and later became the VP of the European Central Bank. He took the Greek economy down the path of debt, stagnation and austerity.

Now the Ukraine is following in the footsteps of Greece. Arseniy “Yats” Yatsenyuk, Ukraine's latest Prime Minister, has proposed the same economic strategy as implemented in Greece. This will consist of taking on debt from the IMF and associated Central Banks, and implementing a whole host of economic and austerity measures, as dictated by those Central Banks.

According to reports, Yatsenyuk is well aware of the pain that lies in store for the Ukraine, but that will not deter him or his backers. Another victory for Central Bankers, and another nation going into hopeless debt. Debt is a drug, and you will take your medicine, like it or not.

Washington's Man Yatsenyuk Setting Ukraine Up For Ruin

Ukraine’s interim prime minister, Arseniy “Yats” Yatsenyuk, may prove to be arsenic to the beleaguered nation.

“Recall the phone exchange between the Ukraine ambassador and Victoria Nuland (Assistant Secretary of State for European Affairs) that got leaked out, where she basically said ‘we want Yats in there.’ They like him because he’s pro Western,” says Vladimir Signorelli, president of boutique investment research firm Bretton Woods Research LLC in New Jersey. “Yatsenyuk is the the kind of technocrat you want if you want austerity, with the veneer of professionalism,” Signorelli said. “He’s the type of guy who can hobnob with the European elite. A Mario Monti type: unelected and willing to do the IMFs bidding,” he said.
...
After Yanukovych and the political opposition agreed to an orderly transition toward new elections, the opposition shattered the agreement quickly and took strategic positions around Kiev. Many voices in the Western press say the country could break apart.

Despite these ominous signs, Ukraine Ambassador Geoffrey Pyatt hailed the current crisis as “a day for the history books.” Most of the mainstream media have leaned decisively in the anti-Yanukovych camp.

Ukraine’s new 450-seat parliament approved the appointment of the former Central Banker Yatsenyuk on Thursday by a vote of 371 to 1. Oddly enough, earlier this month, the pro-Western Yats trailed behind popular opposition leaders such as former heavyweight boxer Viltali Klitschko and the leader of the nationalist, Svoboda Party, Oleh Tyahnybok. But Yats had friends in high places and while he does not have strong support of the electorate, and would have no chance of winning an election, he is pro-IMF austerity and apparently the bulk of parliament is as well.

“Yatsenyuk was saying that what the Greeks did to themselves we are going to do ourselves,” said Signorelli. “He wants to follow the Greek economic model. Who the hell wants to follow that?”

Also today, Yatsenyuk promised to implement “very unpopular measures” to stabilize the country’s finances. The government said it needs $35 billion to support the country over the next two years. His language in a news report broadcast by Bloomberg today indicates he is heading toward a potentially destabilizing austerity campaign:

“The treasury is empty. We will do everything not to default. If we get the financial support from the IMF, the U.S., we will do it.

http://www.forbes.com/sites/kenrapo...ns-man-yatsenyuk-setting-ukraine-up-for-ruin/

EU promises loans to Ukraine for Greek-style austerity

On Nov. 21, when President Viktor Yanukovich turned his back on the European Union in order to join the Russian customs union, it was no great secret that his choice was driven by the catastrophic condition of his country's finances. On Dec. 17, Russia offered a lifeline: a loan of $15 billion and a reduction in gas prices. Three billion dollars were disbursed at the end of December. A further $2 billion should have been given out in January, but Moscow preferred to await a return to calm.

In this area, what does Brussels propose? Nothing, unless you count 610 million euros planned since at least 2012, conditional on Kiev's signing an association agreement with the EU. For the emergency, Europeans seem to have in store the same fate as Greece for the Ukrainians, summoning the IMF.

On Saturday, British Foreign Secretary William Hague revealed an agreement with his German counterpart Frank-Walter Steinmeister to "press for vital financial assistance from the IMF."

On Feb. 21, Standard & Poor's downgraded Ukraine's credit rating to triple C, a score close to default. Kiev must repay $13 billion in 2014. Without Russian help, this is an impossible task. Short-term bonds are being traded at a prohibitive rate of 34.5 percent, compared with 5 percent five months ago. And that is without taking into account the currency, the hryvnia, which has lost 10 per cent of its value. Ukraine's currency reserves will last only two months, according to Thomas Baumann of the German Association of Chambers of Commerce. If the IMF offers Ukraine a loan, it will be at the price of neoliberal structural reforms (austerity).
...
More:
http://peoplesworld.org/eu-promises-loans-to-ukraine-for-greek-style-austerity/

 

[pcosmar]

New Ukrainian leader promises Greek-syle economy

That should piss of any Ukrainian that is not brain dead,,

 

[Miss Annie]

New Ukrainian leader promises Greek-syle economy

That should piss of any Ukrainian that is not brain dead,,

Let's hope so! That statement alone should send them running into Putin's arms!

 

[ItsTime]

Alrighty then.

 

[HOLLYWOOD]

Poverty_by_go1985A.jpg (JPEG Image, 1333 × 844 pixels)

 

[Barrex]

Current Ukrainian Prime minister was head of Ukrainian national bank (Ukrainian version of US FED)....Surprise...

 

[HOLLYWOOD]

Current Ukrainian Prime minister was head of Ukrainian national bank (Ukrainian version of US FED)....Surprise...

It's all planned, they don't even wait or hide it anymore. Amazing how TPTB "Groom" these Cat Burglars... Arseny Yatsenyuk was Minister of Foreign Affairs at like age 31. Reminds me the path of Miliband brothers in the UK, or the people now in charge in; Iraq, Afghanistan, Pakistan, Egypt, Libya, Georgia, Thailand, Romania, Hungry, Tunisia, etc... the selling out to the globalist banksters, never ends.

 

[Brian4Liberty]

 

[Brian4Liberty]

An interim "leader", who will go on to bigger and better things once the chains of debt are forged and locked on the necks of Ukrainians.

Yatsenyuk promised to implement “very unpopular measures” to stabilize the country’s finances. The government said it needs $35 billion to support the country over the next two years. His language in a news report broadcast by Bloomberg today indicates he is heading toward a potentially destabilizing austerity campaign:

“The treasury is empty. We will do everything not to default. If we get the financial support from the IMF, the U.S., we will do it. I’m going to be the most unpopular prime minister in the history of my country,” he said.

http://www.forbes.com/sites/kenrapo...ns-man-yatsenyuk-setting-ukraine-up-for-ruin/

 

[Demigod]

New Ukrainian leader promises Greek-syle economy

That should piss of any Ukrainian that is not brain dead,,

An average pay in Greece is 800+ euros in Ukraine it is around 200-400 .And Greeks get a lot of extra pay,vacations,union grants and cheap credits.There are a lot of worse places in Europe then Greece for the average man.

 

[AuH20]

Revolution my ass. They're just switching overlords.

 

[Anti Federalist]

Hmmm, let's see now...

Prissy, nanny state, EU tyranny?

Or mobbed up, Russian tyranny?

 

[Mini-Me]

Is a Greek style economy the kind that collapses under its own weight and ends up with masses of public employees out in the streets demanding their jobs back from the government that's out of money?

Hmmm, let's see now...

Prissy, nanny state, EU tyranny?

Or mobbed up, Russian tyranny?

Great options, right? I guess the latter has the advantage that it's more blatant though. It isn't wrapped in so many layers of "for your own good" that the Kool-Aid becomes addictive.

 

[Anti Federalist]

Great options, right? I guess the latter has the advantage that it's more blatant though. It isn't wrapped in so many layers of "for your own good" that the Kool-Aid becomes addictive.

Might as well have been a US presidential ballot.

 

[Mini-Me]

Might as well have been a US presidential ballot.

If we took a blind vote on which party was which, I get the feeling the result would demonstrate clear correct answers too.

 

[gwax23]

Whatever hes smoking need to be legalized asap

 

[Seraphim]

Unless of course you are one of the roughly 30% who are unemployed or one of the nearly 70% youth unemployed.

Other than that it's all fuckin' chicken and gravy.

An average pay in Greece is 800+ euros in Ukraine it is around 200-400 .And Greeks get a lot of extra pay,vacations,union grants and cheap credits.There are a lot of worse places in Europe then Greece for the average man.

 

[HOLLYWOOD]

Okay, I'm calling it now, how much in US/UK/EU military sales are Manchurian leadership going to buy with those loans in the next 5 years?

BAE, Boeing, Lockheed, et al of the Military/Security Industrial Complex... licking their chops.

 

[Brian4Liberty]

Hmmm, let's see now...

Prissy, nanny state, EU tyranny?

Or mobbed up, Russian tyranny?

Both willing to put you in debt. Loan sharks.

 

[Brian4Liberty]

Okay, I'm calling it now, how much in US/UK/EU military sales are Manchurian leadership going to buy with those loans in the next 5 years?

BAE, Boeing, Lockheed, et al of the Military/Security Industrial Complex... licking their chops.

Good call. Gotta arm them to the teeth, so they can man the front lines against the Soviet bear. Putin is coming for us all! Hannity, Kristol and the rest of the neoconservatives will tell you that he is hiding under your bed like the boogie man.