IMF Warns Ukraine Bailout May Need "Significant Recalibration"

Townhall.com ^ | May 2, 2014 | Mike Shedlock

[Kaslin]

If industrial-rich Eastern Ukraine falls the IMF Warns Bailout Needs "Significant Recalibration"

[griswold3]

So will the ‘Progressives’ denounce this warmongering by the IMF?

[Rashputin]

ROTFLMAO

They recognized a mob that overthrew the legally elected government instead of waiting a few months for elections because they didn't want to match the good deal Russia gave the Ukraine.

Now, surprise, surprise, they're backing off on how lenient they can be when they "help" the Ukraine. If anyone thought the "belt tightening" that the IMF demanded so far were bad, just wait until the "recalibration" is spelled out.

Well, I"m glad the EU countries can start tossing out Muzzies since the Ukraine will now be a source of migrant labor for them. You just have to take the good with the bad and throwing out Muzzies is a good thing even though Ukrainians will be reduced to indentured slavery status.

But then, Western Europe has always considered everyone in Eastern Europe not quite European lesser beings which is why they never bother to mention how many times Eastern Europeans have saved their bacon.

[dforest]

I ain’t for bailing out anybody. When does this crap stop?

[Monmouth78]

It’s even worse than that. The IMF gets developing countries take out huge debts to banks. We give out the cash and the banks get the interest payments.

The IMF is crony-capitalism corruption on a world scale.

[tumblindice]

“significant recalibration”
Interesting euphemism. Last time I saw it I think was Barry and TARP and it meant (and doesn’t sound nearly as bad as), “We’re gonna need a lot more money.”

[Dr. Ursus]

The Ukraine is an East European s*** hole. It not worth one U.S. Dollar and definitely not worth one U.S.life. I’ m glad my grandfather go out of there a century ago.

[Rashputin]

I don't know how they creaked and groaned along this long without a major breakup or Civil War. I guess the money from pipeline revenues or something. They were nearly at one anothers throats about five years (? maybe a bit more) after they became independent but cooler heads prevailed by saying there would be no regional favoritism and for a while at least, making sure there wasn't.

Now, jeez, with the "ethnic Russian" definition expanding to include half the population and "ethnic Ukrainian" being narrowed down by jerks like Right Sector and other "nationalists" I don't see how blaming things on Russia or the EU makes much sense. Both the EU and Russia have been stirring the pot, but Ukrainians brought it to a boil all by themselves.

A country the size of Ukraine with eighty plus political parties represented in the Parliament is a train wreck waiting to happen. Even India has to have over a thousand parties only has something like fifty that can be on a national ballot which compared to the size of the population isn't nearly as messed up as Ukraine.

My memory on India may be faulty, but still, compared to the population, over eighty parties represented in Parliament? That's why the only time they agree on anything is when an armed mob has them surrounded.

[mac_truck]

The IMF gets developing countries take out huge debts to banks. We give out the cash and the banks get the interest payments.

The IMF also gets the debtor country to sell off its assets to foreign "investors" in order to pay back the loan. This is a variation on the whole vouchers scam that went down in the former Soviet Union.

[1rudeboy]

One of the reasons I love FR. I don’t need to find Russian propaganda, I can find it here.

[USFRIENDINVICTORIA]

The two major parties in the USA are coalitions that paper over a multitude of ideological differences. Consider just the Republican Party — it is actually a coalition of: Paleo-Conservatives, Neo-Conservatives, RINOs, CINOs, Log Cabin Republicans, Tea Party Republicans, Country Club Republicans, Social Conservatives, Conservative Libertarians, Libertarian RINOs; and, who knows how many other factions.

In countries with some form of proportional representation, there are always a greater number of parties — but, each is more unified in ideology. Coalitions are formed after elections. That system at least has the advantage of some transparency. It also ensures that most people can find someone they actually want to vote for, and that their views are represented in the government. The larger number of parties is more likely a strength than a weakness.

[KC_Lion]

Thank You Victoria.

Smartest Post I have read all day.

You Rock!

[sunrise_sunset]

I can’t wait for the IMF to put the screws to this country. It will collapse because Ukraine is basically ungovernable for cultural reasons.

[familyop]

Pride goes before a fall.