May 29, 2015
The first act of the comedy “Ukraine is Europe” is nearing completion
The Verkhovna Rada of Ukraine by the majority of votes adopted a practice unprecedented in world, granted the Cabinet the right to impose a moratorium on payment of foreign debts. Kiev is in fact acknowledged its powerlessness to avoid a default.
I would like to remind the conscious patriots, that in September 2014, Prime Minister Arseniy Yatsenyuk has said publicly: “Ukraine will not declare a default, as we have all the resources to fulfill our obligations.”
As soon as Kiev refuses to fulfill debt obligations, there will be a sovereign default. This will put an end to all the credit programs of the country and will cut off Ukraine from external capital markets. That is Ukraine will not be able to borrow money in the European Union or the United States in the coming years.
What does this mean?
Poverty. Unemployment. Devastation.
And war. Because that’s the only thing the US wants from Ukraine.