
© Flickr/ Alexxx Maley
Starting in 2017, Ukraine will have the lowest official salaries in Europe, according to calculations by lawmaker Oleksander Vilku
l. Meanwhile, Ukrainian politicians and economists have begun investigating the conditions attached to the IMF's recent $1 billion loan tranche, and are discovering that more austerity reforms are the order of the day.
Taking to the podium in Ukraine's parliament, the Verkhovna Rada, Vilkul complained that for ordinary Ukrainians,
"life is getting worse and worse. A good example of this is the genocidal budget for 2017: The minimum wage of $60 [1,550 hryvnia] is the lowest in Europe. In 2013 it was three times higher."The lawmaker also noted that the
government plans to further reduce social benefits, while further hiking utilities prices, all under the guise of Ukraine's obligations to the International Monetary Fund. "We are for international cooperation, but this should not entail consequences such as an increase in the retirement age, and the growth of utilities rates and [consumer] prices. Our men live an average of 65 years. Do you want to make it so that they die immediately after retirement?" Vilkul asked.
Last week, the IMF agreed to provide Ukraine with a $1 billion loan tranche,
increasing the country's total external debt to $68 billion (71% of its GDP). However, many Ukrainian economists and lawmakers are more concerned about the conditions of the latest loan. On Tuesday, former Prime Minister Yulia Tymoshenko accused Prime Minister Volodymyr Groysman of signing the IMF memorandum without reading it.
The memorandum, she said, was written only in English, which Groysman does not know.
Comment: At one moment she says she is surprised at how lame the response from the EU has been in relation to the US, how dependent they are. She comments on the difference between the 1 billion US Dollars recently allotted by the IMF and the 30+ billions of help sent to Israel that has 7 million people compared to the 40 million of the Ukraine. People and countries certainly are not equal.