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by marcosdumay 4520 days ago
> Ukraine doesn't have any money, it needs to borrow it.

Most of the places where something like that's said, it's disingenious. Are people there starving? (From the news, it does not look like so.) If they are not, they have no such need to borrow.

Of course, even if they don't need it, it might actualy be a godd idea to borrow some money. But looks like the people don't think it is.

3 comments

Do you suggest that if people are not starving but the country has no money to maintain the infrastructure (which in turn is what allows businesses to grow, and creates jobs) they should be made to give up their personal money before any money is borrowed from elsewhere? That's a pretty socialistic approach.
One of the conditions for joining the EU are reforms that require Ukraine to borrow $150 billion from the IMF to "re-structure" the country. Conditions on that include austerity and freezing wages. It's no surprise support for joining the EU is only in the 40-45% range.
The government of Ukraine doesn't have enough money to pay its debts. It needs to borrow money to pay its debts or default.