Thursday, December 18, 2014

Ukraine Situation ( December 18 - 19 , 2014 ) -- Ukraine has claimed it needs 15- 19 billion ( on top of the present 15-17 billion IMF / EU Financial Lifeline ) , US and EU have no intention of funding that additional lifeline and are disgusted with the incompetence and corruption of Kiev and their Oligarchs ...... Russia ( which had been funding Ukraine until Ukraine Revolution ) , possibly being " encouraged " through punitive , ever increasing sanctions / through attacks on oil , currency and economy - to " resume " financial backstop and funding for Western Vassal State Ukraine ?



Ukraine .....


 

3 minutes ago


Poroshenko Says Ukraine Can’t Scrimp on Army as S&P Rating Cut via  

EU interestingly expects Russian aid ?

 Bloomberg Business
View this content on business's website

Poroshenko Says Ukraine Can’t Scrimp on Army as S&P Rating Cut

By Bloomberg Business @business
Ukraine’s president, speaking a day after the nation’s junk credit rating was cut further, said next year’s budget mustn’t cut corners on military spending and should account for the possibility of...
View on web



http://globaleconomicanalysis.blogspot.com/2014/12/ukraine-vows-more-for-military-spending.html

****


War Has Made Us Stronger

Ukraine president says "War has made us stronger".

That lie is so stupid my dead grandmother knows it from the grave. The evidence is a CCC- debt rating, a step or so above 

 above default, with default imminent.

The story gets even stranger. 

To avoid default, Ukraine needs a "Russian contribution to the package” according to Pierre Moscovici, the economic policy 

 commissioner for the European Commission.

Amazing Irony

Europe and the US have crippling sanctions on Russia for the conflict in Ukraine, yet the EC wants Russia to bail out Ukraine 

 while accusing Russia of invading Ukraine.

Icing on the wonderland-cake is the Russian Ruble has plunged nearly 50% this year, but Ukraine needs money from Russia 

 to fight Russia.

Is this complete lunacy or what?




****




EU ready to help if Ukraine reforms - Merkel

World
 December 19, 2:24 UTC+3

 EU may consider lifting sanctions against Russia if Ukraine’s territorial integrity is preserved, also said Merkel
BRUSSELS, December 19. /TASS/. The European Union is ready to help Ukraine provided that the government pushes through economic reforms and tackles corruption, German Chancellor Angela Merkel said on Friday.
“Europe is ready to support Ukraine further but Ukraine should pursue economic reforms and actively combat corruption,” she told a news conference after an EU summit in Brussels.
EU may consider lifting sanctions against Russia if Ukraine’s territorial integrity is preserved, said Merkel.



Tweets......


  Tore retweeted

 · 50 minutes ago


SOTT EXCLUSIVE: Despite talks of peace Ukraine is actively preparing for war - -

 Signs Of The Times
View this content on SOTTnet's website

SOTT EXCLUSIVE: Despite talks of peace Ukraine is actively...

By Signs Of The Times @SOTTnet
When one looks at the signals coming from Kiev and most importantly from their handlers, the US, then it is hard to see anything but war, war and more war. Not necessarily a direct war between the...
View on web


 · 40 minutes ago


Obama signs ' Freedom Support Act' : Opens up for weapons, military support to





 · 33 minutes ago


EU leaders decide not to strengthen sanctions against Russia, easing to depend on progress in Ukraine - Hollande











 Dec 14


14/12/2014: IMF (Emergency) Mission to Kiev - Given economic / fiscal position of Ukraine (see http://trueeconomic...

14/12/2014: IMF (Emergency) Mission to Kiev


Given economic / fiscal position of Ukraine (see http://trueeconomics.blogspot.ie/2014/12/10122014-ukraine-greece-cds-flash-red.html) it is unsurprising that the IMF has dispatched a 'rapid response' team out to Kiev. Here's the IMF official statement on the visit:


Not to over-interpret the above, it suggests that the IMF is considering seriously further 'assistance' to Ukraine and that such a commitment will be based not so much on the progress of structural reforms to-date, but on the progress of the promises of reforms in the future.

Of course, it is hard to imagine Ukrainian authorities unrolling any big and binding reforms in the current climate and given short span of life of the new Rada to-date, so don't take the above comment as sarcasm - Ukraine needs assistance now and the promise of reforms is real, in my opinion. The only problem is that any assistance via IMF will be short-term (3 years or so) and will be in the form of debt, while what Ukraine really needs is longer-term funding and in a form of a Marshall Plan (even if in debt form, at least on terms of near-zero cost of funding and flexible maturity). Sadly, such preferential funding is unlikely to come...

The article first appeared here:
14/12/2014: IMF (Emergency) Mission to Kiev











 · 6 hours ago
Ukraine's Reserves Plunge 20% In One Month, Drop Below $10 Billion To Lowest In A Decade






 · Dec 4

Fight Breaks Out In Parliament When Ukraine Learns It Has Quietly Become The Newest US State



 zerohedge

View this content on zerohedge's website

Fight Breaks Out In Parliament When Ukraine Learns It Has Quietly...

It appears not all the government members approve of the new foreign-born members of the Ukraine parliament... as this fight just broke out...  
View on web





Russia.....




 · 13 hours ago


hopes will realize in foreign policy have no prospects





 · 3 hours ago


What are Psaki's 'specific steps' that Russia can do in order to have lifted?










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