Posted on Fort Russ
[Original headline at source: “Poroshenko acquires a big loan for Ukraine from IMF, conditioned on consigning lands, resources and procurements of public services to US mega-corporations”]
Ukraine, Lagarde (IMF) announce: Loans to 40 billion euro in exchange for reforms (on the Greek model)
Published February 12, 2015 in ControInformazione.info
February 12, 2015
Translated from Italian by Tom Winter
If you are a puppet of the US empire and you consign your sovereignty to Washington, you get an abundance of money, financing, arms, and multinational corporations looking for business and ready to plunder the resources of your country. If instead you put yourself on a collision course with these powers, as in the case of Greece, your financial faucets get shut off, and you risk default.
This is the lesson from two parallel vignettes, that of Ukraine on one side, where a U.S. puppet government took office, via coup d’etat, and on the other, that of Greece, where, thanks to free elections, a popular government took office hostile to big banks and the EU.
In the first case, also thanks to ministers in the government with U.S. passports (See “Ukraine launches a government with foreign ministers”
), and to the total subordination of the state to directives from Washington, in opposing Russia, everything gets allowed, to save the country from the economic collapse that a clique of pro-America oligarchs have brought it to.
For Ukraine, aside from the other big loans at the disposition of the IMF, there will be other financing, “multi-lateral and bi-lateral” loans for the country in the USA-EU orbit, a country whose economy will enjoy, all told, a sustaining loan of 40 billion dollars over four years. Christine Lagarde, administrator of the IMF, announced it with pride, revealing the terms of an “agreement in principle” with Kiev for a package of 17.5 billion dollars from the IMF, without guarantee, but committing the government in Kiev to “ambitious” economic reforms. (“Ambitious reforms” already actuated in other countries: cuts to health care, worker layoffs, reduced pension payouts, reduced funding for education, destruction of welfare, and the like — As in Greece.
Other financial institutions will join with the IMF, such as the Bank for Reconstruction and Development, as well as the European Central Bank itself (the one that denied any help to Greece), Lagarde reported. Bottom line is a “finance package” of 40 billion over the course of four years.
In this plan the Ukrainian government will conduct negotiations will various lenders, putting all the potential resources of the country on the table: the vast farmlands, mining, petroleum prospecting concessions to American multinationals, public services to contract, public health and hospitals to privatize, and labor reforms (of the type “Jobs Act”) to harrow the country, and so on and on.
In keeping with this plan, Hunter Biden, youngest son of Joe Biden, vice-president of the United States of America, has been put on the board of directors of Ukraine’s most important gas company, Burisma Holdings. (See Biden’s son enters the country’s main gas company
US President Obama, vice-president Biden,
with Hunter Biden, new board member of Burisma Holdings.
This is the price paid by a country that has consigned itself “voluntarily” to the protection of the USA, subverting the preceding accords with Russia and other Eurasian counties.
This story can easily show how intimately connected political scenarios are with the financial levers that are available to the dominant powers that set the rules in this world.
Should anyone disingenuously suppose that finance and international politics are two different arenas, today you totally have to change your mind.