Tuesday, March 18, 2014

IMF Plans Massive Austerity for Ukraine According to Crimea Leaders

Brandon Turbeville
Activist Post

If statements made by Deputy Prime Minister of Crimea, Olga Kovitidi, are to be taken as truth, the future of Ukrainians living under the yoke of Fascists, the European Union, and the IMF will be yet another example of the imposition of extreme austerity measures and national impoverishment that is the fruit of alignment with those institutions.

The Western-backed coup government in Kiev, of course, has already gone begging to the IMF for financial help after it turned its back on a much better loan offered by Russia. The conditions of the IMF loans are, as always, extreme levels of austerity measures and privatization of public services and assets.

Kovitidi, however, provides much more specific information regarding the nature of the IMF conditionalities.