“The self-proclaimed government in Kiev is reportedly planning to cut pensions by 50 percent as part of unprecedented austerity measures to save Ukraine from default. With an ’empty treasury’, reduction of payments might take place in March. Ukraine’s new prime minister, Arseny Yatsenyuk, promised the government would do its best to avoid a default, adding that he expects an EU/IMF economic stabilization package soon. The European Commission offered Ukraine an 11 billion euro loan if Kiev agrees a deal with the IMF. Accepting IMF money will mean many sacrifices for Ukraine’s economy, [such as] increased gas bills, frozen government salaries, and all around budget cuts.”
http://rt.com/news/ukraine-austerity-pensions-halved-174/
Related posts:
DEA agents use NSA intercepts to investigate Americans
Cop who randomly slammed woman to the ground receives threats
Bitcoin’s Sixth Year Likely Driven By Institutional Participation
How Our Rulers Deal With Blown Tires When Drunk
CME Hikes Gold Margins By 25%
Rebellious Jurors Make the World a Better Place
Vietnam gold deposit ban approaches
It’s (Almost) Official: Tax Debt = No Passport
India Trade Deficit Deteriorates As Gold Imports Soar 138%
Pops In China’s Construction Bubble (But It’s Not Going To End)
Google, Yahoo, and Facebook Are Scrambling: “We Never Cooperated with the NSA!”
JPMorgan To Exit Foodstamp, Other Prepaid Cards Business
Out of a Spy Movie: How Glenn Greenwald First Met Edward Snowden In Person
War Street Journal Declares the USA to be a Battlefield
The World’s First Cashless Society Is Here - A Totalitarian’s Dream Come True