Zu den IMF-Krediten:
"Ukraine is now the poorest country in Europe being pushed down to bottom by the next basket case above, Moldova. Welcome to the Sunflower Republic.
All of this in spite of the IMF’s loans and its unilateral debt forgiveness of the Ukraine’s outstanding sovereign debt to Russia which had become due. In doing this the IMF infringed its own constitution. As Michael Hudson explains:
‘’The IMF broke four of its rules by lending to Ukraine: (i) Not to lend to a country that has no visible means to pay back the loan (the “No More Argentinas” rule, adopted after the IMF’s disastrous 2001 loan to that country). (ii) Not to lend to a country that repudiates its debt to official creditors (the rule originally intended to enforce payment to U.S.-based institutions). (iii) Not to lend to a country at war – and indeed, destroying its export capacity and hence its balance-of-payments ability to pay back the loan. Finally (iv), not to lend to a country unlikely to impose the IMF’s austerity “conditionalities.” Ukraine did agree to override democratic opposition and cut back pensions, but its junta proved too unstable to impose the austerity terms on which the IMF insisted.’’
Und zur Haltung des Westens
Das Posting wurde vom Benutzer editiert (27.06.2020 12:05).