It would appear the IMF’s dirty little fingerprints are all over this latest piece of legislation in Ukraine. The Ukraine Finance Ministry is proposing to take a very-similar-to-Cyprus approach to bailing in its despositors:
*UKRAINE PROPOSES NEW TAX ON DEPOSITS EXCEEDING 100,000 HRYVNIA
*UKRAINE TAX PROPOSAL WOULD INCLUDE 1.5% OF ALL DEPOSITS
This would appear a measure designed to stabilize the budget for potential IMF negotiations and fits perfectly with what the IMF has consistently hinted as the next steps for many nations.
It amazes me how people fly off the proverbial handle over news like this, not knowing who the real culprits are.
Since our government funds the IMF, and others, we and the other funding nations are the ones forcing this action by the new government of Ukraine...
This is how the wonderful and generous nations of the West, fix things..and why they always fail at it unless they are fixing themselves.