Collapse of Ukraine Government: Prime Minister Yatsenyuk Resigns amidst Pressures Exerted by the IMF

[unhappycamper]

http://www.opednews.com/articles/Collapse-of-Ukraine-Govern-by-Michel-Chossudovsk-Crisis_Economy_International_Resignation-140724-810.html



Arseniy Yatsenyuk

Collapse of Ukraine Government: Prime Minister Yatsenyuk Resigns amidst Pressures Exerted by the IMF
By Michel Chossudovsky
OpEdNews Op Eds 7/24/2014 at 22:15:56

Ukraine's Prime Minister Arseniy Yatsenyuk announced his resignation in the Rada (Parliament) and that of the entire Cabinet on Thursday, July 24. This decision was taken following the withdrawal of two parties from the coalition government and the non-adoption of two important pieces of legislation, which had been demanded by the International Monetary Fund (IMF)

~snip~

The resignation of the Prime Minister signifies the collapse of the government and the resignation of the entire cabinet.

~snip~

"The parliament must adopt amendments to the state budget needed to finance our army and also documents needed for cooperation with international financial institutions. (e.g. IMF, World Bank, EBRD)" said PM Yantsenyuk. (emphasis added)

The entire country is in an impasse. No money will be forthcoming from the IMF until this legislation is adopted. In the meantime, Ukraine remains on the blacklist of its external creditors.

[dipsydoodle]

1. The general subject re. the IMF seems to have been energy pricing

which I would assume is cross related to the military budget inasmuch energy price increases would be the origin of necessary funds.

As a reminder Ukraine's consumers were paying only 25% of cost for gas. That was increased by 50% a months or so back to be followed by two further increases of 20% by early 2015 to reach .25 x 1.5 x 1.2 x 1.2......54% of cost. Baulking against such increases has gone on there for years.

Although not necessarily discussed at the time their electricity prices are due to increase ten fold as part of the EU association agreement !

[bemildred]

2. Nobody wants to cough up the money to make the government work, is the problem.

They all want to meddle, posture like buffoons, but nobody wants to pay for it.