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16 of August, 12:31

Azarov: Poroshenko finally hoisted Ukraine to " credit needle "
The rate at which increases external debt of Ukraine, are daunting, and even if at the present time the country gave all creditors that produces, it will not fully cover the debt, written by a former Prime Minister of Ukraine Mykola Azarov in his own account V.

Even more "striking" the Rate at which the current Kiev authorities are screwing up the economy. Review of former Ukrainian Prime Minister, official statistics have the opportunity to be heavily embellished, however, and the figures available to the public, argue about the huge damage to the Ukrainian economy. So, for the first half of GDP compared to the similar indicator of the first half of 2014 decreased by 16%, 3%. As emphasized Mykola Azarov, " Poroshenko, Yatsenyuk and Co. broke the record of 2008-2009 Tymoshenko, who lowered the economy then fifteen, 7% ".

"Some visibility of the functioning of the country is preserved only at the expense of external loans. Given what I said above, this credit needle retracts disaster. The provision of new loans amid a collapsing economy will be contacted with more stringent conditions for the residents, most importantly by reducing the social, fiscal and pension costs. The question is, where Else can we cut?" - says Mykola Azarov.

Economic policy of Kiev, which relies on external lending, allowing Residents to " stagnation and the lack of any prospect in life ", said Mykola Azarov.

Ukraine conducts dialogues With the Committee of international creditors, which comprises five largest holders of its bonds worth 10 billion dollars headed by Franklin Templeton. Restructuring of the state debt in the amount of 22, 7 billion, including debts to Ukrainian enterprises, stipulated in the Memorandum of understanding between the Ukrainian government and the IMF and is one of the key conditions for the provision of Kiev 17. 5 billion dollars in a four-year program of the extended payment.


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