Democracy: Less Than Half of Ukrainians Support IMF Austerity Plot

Daily Stormer
June 4, 2014

Who voted "yes?"
Who voted “yes?”

As we know, democracy is about Jews and other criminals forcing you to do things that cause you personal and collective pain, so it is unsurprising that in the new Jewish-dominated democracy of the Maidan’s Ukraine, people are being forced to accept an IMF bailout which will cripple their economy forever.

Please note that the 45% who is voting yes is doing so based upon the 24/7 television propaganda – on all channels – claiming that Russia is going to nuke Kiev any minute now.

Pew:

In the end, the success of any G7 initiative hinges on what the Ukrainian people are able and willing to do for themselves. But support for economic reform is not widely embraced among the Ukrainian public, according to a new Pew Research Center survey. Just 45% of Ukrainians say the country should accept economic aid from Western nations even if their government must agree to reduce spending and social benefits in return. Fully 28% reject such help if it is dependent on cuts in Ukrainian government outlays. Another 27% voice the view that neither option is acceptable, or that they want both, or that they have no opinion. (The question was not asked in Crimea.)

Support for belt-tightening in return for aid is particularly low among Ukrainians ages 50 and older. Just 41% are willing to accept any such bargain. But more than half (53%) of younger Ukrainians support a trade-off.

The Ukrainians’ lack of enthusiasm for economic aid comes at a time when their economic outlook is bleak. The Ukrainian economy is expected to contract by 5 percent this year as the country faces an overvalued exchange rate, a substantial budget deficit, and big losses in the energy sector that have put Ukraine on a “highly unsustainable course,” according to a recent International Monetary Fund report.

To help Ukraine reverse economic course, the IMF has already approved a $17 billion emergency rescue package that unlocks an additional $15 billion in international financing, including loans and other funding from the U.S., Europe and the World Bank.

In return, the government in Kiev has agreed to substantially increase both retail gas and heating prices, 56 and 40 percent in 2014, respectively, and 20–40 percent in 2015–17. It will cancel pension and public sector wage increases planned for this year and freeze public sector hiring. It will abandon a planned cut in the sales tax, hike duties on diesel fuel and impose new sales taxes on pharmaceutical and medical products.

But such reforms have a history of foundering in Ukraine. In the past six years, two previous IMF-supported economic restructuring efforts have gone off track.