Aid for the Ukraine “Will Be Stolen” – Former Ukrainian Minister of Economy

Click here to access article by Wolf Richter from his blog Testosterone Pit. 

Secretary of State John Kerry jaunted to Kiev on Tuesday and offered the newly installed Ukrainian government $1 billion in aid. EU Energy Commissioner Guenther Oettinger announced the same day that the EU would help the Ukraine pay its gas bill of about $2 billion, owed Russian state-controlled Gazprom. On Wednesday, the rest of the EU aid package was announced: €11 billion, contingent on the Ukraine’s inking a deal with the IMF and implementing tough reforms. The IMF is still working on its own aid package.

As always, it’s about preventing a default during which bondholders and lenders, including numerous Western banks, hedge funds, and other speculators.... ...taxpayers in other countries will be shanghaied into bailing out these bondholders and lenders, but indirectly, under the guise of bailing out the Ukrainian people.