Ukrainian Junta Concedes to IMF Looting Plan

Friday, March 28, 2014
By Paul Martin

Plan will impose austerity measures rivaling those decimating living standards of the Greek people

Kurt Nimmo
March 28, 2014

Ukraine’s Parliament at first rejected on Thursday an “anti-crisis” law proposed by the IMF. It later adopted the legislation when 246 of 321 MPs voted in favor.

The bill will impose austerity measures rivaling those currently decimating the living standards of the Greek people. The draft law kowtowing to the IMF was proposed by the coup government of Arseniy Yatsenyuk, a former central banker who runs a foundation propped up by the U.S. State Department, the National Endowment for Democracy, NATO, Chatham House, Horizon Capital, Swedbank, and the German Marshall Fund.

Prior to taking the IMF deal to Parliament, Yats, as the State Department calls Yatsenyuk, said Ukraine has “no other choice but to accept the IMF offer” that will force millions of Ukrainians into poverty. He told legislators the IMF austerity package “is very unpopular, very difficult, very tough” and includes “reforms… that should have been done in the past 20 years,” prior to the U.S. funded and organized Orange Revolution and later rule by series of kleptocrats, including former Prime Minister Yulia Tymoshenko, who went to prison for embezzlement, and subsequently Russian supported President Viktor Yanukovych, who lived a lavish lifestyle at the expense of average Ukrainians. Tymoshenko announced she will run for president on the same day the IMF plan was considered by Parliament.

The IMF plan will jack up income taxes, levy a freeze on wages, curtail old age pensions, and raise energy prices. Prior to conceding to the IMF plan, Kommersant-Ukraine noted social benefits will be targeted first.

“The Finance Ministry has prepared a plan for optimizing budget expenditures, which implies budget sequestration is to be in force before the end of March. For this purpose, in particular, it has been proposed to reduce capital costs, eliminate tax schemes and preferences and to cut social benefits, for example, 50 percent of pensions to working pensioners,” it reported.

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