by Morley Evans
What is going on in the Ukraine started in February 2014 — as much as anyone can say anything started or ended on a specific date —while Russian President Vladimir Putin was watching the Winter Olympics in Sochi.
Pepe Escobar analyzed the situation three months later. The essentials have not changed since then. I'll let him speak for himself.
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| Pepe Escobar |
May 07 2014 "ICH" - "RT" - The IMF has approved a $17 billion loan to Ukraine. The first $3.2 billion tranche has arrived on Wednesday.
It’s essential to identify the conditions attached to this Mafia-style “loan.” Nothing remotely similar to reviving the Ukrainian economy is in play. The scheme is inextricably linked to the IMF’s notorious, one-size-fits-all “structural adjustment” policy, known to hundreds of millions from Latin America and Southeast Asia to Southern Europe. The regime changers in Kiev have duly complied, launching the inevitable austerity package – from tax hikes and frozen pensions to a stiff, over 50 percent rise in the price of natural gas heating Ukrainian homes. The “Ukrainian people” won’t be able to pay their utility bills this coming winter.
http://www.informationclearinghouse.info/article38435.htm
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