Ukraine Bail-Out - Expect Hardship

UKRAINE Article http://www.economist.com/blogs/freeexchange/2015/02/ukraines-new-bail-out-0?fsrc=scn/tw/te/bl/ed/ukrainebailout #Ukraine Hryvnia, Ukraine’s currency, fell today. Now worth 1/3 less than it was a few days ago. [economist] #Ukraine For IMF bail-out advance, IMF wants change: > Naftogaz cheap household GAS, price to INCREASE FIVEFOLD in 4 years. [Economist] #Ukraine For IMF bail-out, IMF wants change: Inflation @ 30% ... about to get a WHOLE LOT HIGHER, since hryvnia plunge. [Economist] #UKRAINE #IMF Central bank has already raised interest rates to 20% from just 7% a year ago. #Ukraine IMF bail-out: Propping up collapsed hryvnia means HIGHER INTEREST RATES = more difficult for Ukrainians to repay debt [Economist] #Ukraine Non-repayment of debt will hit banking sector / banking collapsing. Big interest hikes = deep economic recession. #Ukraine IMF bail-out: Expect SIGNIFICANTLY DROP to PUBLIC SPENDING over next 5 years. > So PUBLIC SERVICES will be screwed! /economist #Ukraine IMF bail-out >program inadequate/insufficient >Ukraine’s economic situation will GET WORSE!!!! [Economist] LOOK-UPS Source:  Google Ukrainian hryvnia http://en.wikipedia.org/wiki/Ukrainian_hryvnia COMMENT Not looking good.  So much for that bail-out.