The collapse of the Ukrainian economy accelerates like a mountain avalanche, writes.
in Sunday's blog was the estimate of the Cato Institute, according to which the inflation rate in Ukraine is 272%, and not the official 28, 5%, resembles a log. Sputnik compares the economic dynamics in Ukraine with the processes that took place some time ago in Zimbabwe, where in 2008 231 million percent.
One of the reasons, in the opinion of the media is the government's action, in reality, not aimed at reform, and the redistribution of property in the country. On Tuesday, the national Bank increased interest rates for credit institutions up to 30%. It was once collapsed the fourth largest Bank in the country - Delta Bank, and in only one year, Ukraine has lost almost 40 credit institutions out of 200.
"This policy is in conjunction with the decision taken on the first day of the legislative act providing for personal liability of the owners for the recognition of economic insolvency of credit institutions, provides an opportunity to seize the assets of the owners," writes Sputnik.
at the same time the government gives preferential treatment to the oligarchs. The collapse of Delta Bank coincided with the release of credit of $28, 9 billion of other major Bank PrivatBank, which has oligarch Igor Kolomoisky, gives the example of the log.
These and other reasons lead to the fact that all the promises of Kiev to spend reform the country to receive international assistance to in reality turn into new coils hyperinflation.
"The only real difference between Ukraine and Zimbabwe is that in Zimbabwe sought to the land redistribution from the poor to the wealthy, and at the same time in Ukraine redistribute property from the wealthy to the very wealthy," concluded Sputnik.