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© Sputnik / Evgeny Kotenko
The attempts to carry out reforms in Ukraine are "coming apart at the seams" and the Kiev authorities do not seem to be up to the task, a German MP said.

"We are concerned that current Ukrainian leadership is not strong enough to pass the necessary legislation through the parliament. We need groundbreaking reforms, not some stand-alone changes but a whole new system," noted Karl-Georg Wellmann, the head of the German-Ukrainian parliamentary group.

Wellmann is also concerned that the West might not find enough motivation to press Ukraine as much as it does Greece. "In other words, do what should be done to get the ball rolling," he told the ARD broadcaster.

According to the politician, the European Central bank needs at least $110 billion to revive Ukraine, its infrastructure and industry. "But it all will start only after all the necessary reforms are carried out," Wellmann emphasized.


Comment: And of course these IMF-related reforms are for vulture capitalists:

IMF Ukraine: 17.5B bailout links to reform and impoverishment of the Ukrainian population


"Europe has enough money, but we need projects that are non-existent in Ukraine," the politician said.

However, many believe $110 billion will hardly be enough. For instance, a bailout program for Greece, not ravaged by a civil war, amounts to $325 billion. "Since Ukraine's economy is four times bigger than Greece's, the bailout should also be big," Daisuke Kotegawa, a former executive director for Japan at the International Monetary Fund (IMF), told Sputnik.

Meanwhile, the Ukrainian parliament passed a bill granting the government the right to impose a moratorium on foreign debt payments. According to Ukraine' Prime Minister Arseny Yatsenyuk, the moratorium could only be applied to private loans. However, Kiev considers a $3-billion loan it received from Russia private.

"As far as I understand, the IMF doesn't provide any loans to countries that are in a situation of default or bankruptcy," Russian President Vladimir Putin said, adding that the moratorium is a de facto announcement of default.


Comment: The IMF has broken all sorts of rules when it's come to their pet neo-Nazis in Kiev:
[J]ust as Kiev began losing its attempt at ethnic cleansing against the eastern Donbas region, the IMF signed off on the first loan ever to a side engaged in a civil war, not to mention rife with insider capital flight and a collapsing balance of payments. Based on fictitiously trouble-free projections of the ability to pay, the loan supported Ukraine's hernia currency long enough to enable the oligarchs' banks to move their money quickly into Western hard-currency accounts before the hernia plunged further and was worth even fewer euros and dollars.

US controlled IMF loses even more credibility with its Cold War loan to Ukraine, with resource grabbing as its motive

Wellmann also stressed that Ukrainian crisis had be resolved in a manner acceptable to all parties. "War is not a solution, cold war is not a solution either," he said.

In February, a ceasefire agreement, endorsed by Russia, Germany and France, was reached between the Donetsk and Lugansk People's Republics and Kiev, which launched a military operation against independence supporters in southeastern Ukraine in April 2014.


Comment: There is no ceasefire as long as Kiev persists in its attempts at an ethnic cleansing in Ukraine:

What Minsk agreements? Massive shelling on Donetsk by Kiev forces


Although some of the provisions of the deal have been fulfilled, Kiev has been slow in implementing key steps to reach lasting peace in the country.


Comment: That's not even wrong. Kiev has done the exact opposite of "implementing key steps to reach a lasting peace in the country". Unless, of course, one has Washington's definition of "peace" in mind.