Threats in Ukraine: Coup, Fascism and War — And Western Culpability
▻http://www.accuracy.org/release/threats-in-ukraine-coup-fascism-and-war-and-western-culpability
It’s critical to understand the economics of the situation. Ukrainian hard currency reserves have dwindled from $35 to $17 billion — not enough to ensure the stability of the government. Ukraine is bankrupt. Under the terms of the EU offer of last year — which virtually nobody in the Western media seriously examined, the EU was offering $160 million per year for the next five years while just the bond repayments to IMF were greater than that. In contrast, Russia offered $15 billion in cash and immediately paid $3 billion. Another $3 billion was to be paid today but that was just suspended. Now [Ukrainian President Viktor] Yanukovych is indeed very corrupt, but it’s being reported as if he is some sort of Putin puppet — and somehow Putin ends up demonized on the cover of the Economist. Had Yanukovych accepted the EU deal, the country would have collapsed. The EU proposal also did things like limit Ukraine trade. Ukraine is becoming a larger exporter of eggs — one of its few successes — but the EU deal would have limited Ukraine’s export of eggs while allowing EU goods into