Ukraine's Economy Minister Aivaras Abromavicius (Reuters/Valentyn Ogirenko)
Ukrainian PM Warns Of Default Risk, Calls For More Western Help -- Reuters
(Reuters) - Ukraine risks defaulting on its debt unless Western donors come up with more funds on top of the billions of dollars of financial aid already promised, Prime Minister Arseny Yatseniuk said on Thursday.
A year of revolution and war with pro-Russian separatists has pushed Ukraine's hryvnia currency to record lows and crippled the economy, which was already near bankruptcy after years of corruption and economic mismanagement.
Parliament on Thursday approved the new government's economic program of tough reforms aimed at securing the $27 billion so far promised by Western backers including the International Monetary Fund and the World Bank.
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More News On Ukraine Now Facing A Possible 'Default'
Ukraine Truce Shudders as PM Warns of Possible ‘Default’ -- Bloomberg
Ukrainian minister admits country is ‘bankrupt’ -- RT
Ukraine’s new minister of economic development says Ukraine is bankrupt -- iFocus
Ukraine Needs Additional $15Bln to Avoid Financial Collapse: IMF -- Sputnik
Ukraine Needs $15 Billion to Avert Financial Collapse – Report -- Moscow Times
Ukraine Faces Bankruptcy If It Cannot Secure A $15 Billion Bailout 'Within Weeks' -- Business Insider
About 100,000 teachers in Ukraine may lose jobs due to new government’s austerity program -- ITAR-TASS
Patients ‘dying of hunger & cold’: WHO raises alarm over healthcare in Ukraine -- RT
Leaked Document: Ukraine's Government Set To Eliminate... Everything -- Zero Hedge
Is Ukraine facing an humanitarian crisis? -- Deutche Welle
5 comments:
What do you think the consequenses of the new budget is going to be? Will this increase civil unrest and the risk of the civil war spreading?
Rhaegar .... I just finished reading the summary for the Ukraine budget .... and if what I read is true .... it is a complete disaster. It cuts and eliminates everything .... education program, hospitals and health care, pensions .... everything. People in the Ukraine who know what is happening are now in shock. My prediction .... when these cuts are implemented .... civil unrest will be the rule and not the exception.
Can there be a coup? Since if this is implemeted I think people's opinion of the goverment and Porosehnko will change drasticly. Also what do you think of the new "ceastfire"? I think it will not work and that the war may resume in the near future.
A coup is not going to happen this winter .... but what may happen 6 months from now .... who knows. As for the ceasefire .... it is already falling apart and I have been told that Ukrainian units are now being hit behind the lines and far away from the conflict zone
The situation now has the feel of an end game to it.
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