Friday, December 20, 2013

IMF Blasts Ukraine for Rejecting Austerity

The IMF lashed out at Ukraine following its acceptance of a Russian lifeline in the form of $15 billion in loans (on top of $15 billion Ukraine already owes) and specially discounted Russian natural gas.

The IMF is demanding austerity, as if to reinforce fears on the part of many Ukrainians, particularly, in the country's historically Russia-oriented East, that an EU trade agreement would result in massive unemployment for years to come.

Read more. 

UPDATE: EU Escalates Anti-Russia Rhetoric Ahead of Summit 

Related: Krugman Compares Austerians to the Three Stooges