German media are outraged: Ukraine will spend European taxpayers' money on war

12.12.2014 23:28
  (Moscow time)
Views: 923
 
Society, Policy, Ukraine, Economy, Economics of Collapse


Berlin-Kyiv, December 12 (PolitNavigator, Vasily Ablyazimov) – Despite the threat of bankruptcy, the Ukrainian government plans to double military spending to 50 billion hryvnia (2,4 billion euros) in the fight against rebels in the east of the country. Ukraine, being in a pre-default state, is asking for money from the EU and the IMF, while sharply increasing war costs. It turns out they are reporting German economic news, European taxpayers' money will go towards military operations.

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Critics accuse the Ukrainian government of setting the wrong priorities in a country in crisis. The country urgently needs reforms. Instead, in just one day, pro-Western leaders announced drastic cuts in the social sector.

For the first time in seven months, a real truce and ceasefire took place in Donbass, German journalists believe. At the same time, while in Australia, Ukrainian President Petro Poroshenko called for unity “against the aggressor.”

Russian Foreign Minister Sergei Lavrov said that despite the “difficulties” the ceasefire was working.

Let us remind you that this week the IMF made a statement that Ukraine urgently needs an additional 15 billion dollars, otherwise it will go bankrupt. Prime Minister Yatsenyuk called on Western donors to hold a conference on urgent assistance to the country.

The IMF named the war in Donbass and interrupted trade relations with Russia as one of the reasons for the default. The EU has already expressed its readiness to allocate some additional funds to Ukraine. At the same time, being in a pre-default state, a country in need of money is sharply increasing spending on the army, instead of closing the budget hole, the German press notes.

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