Ukraine

Shafted: The Winners and Losers of Ukraine’s Austerity Agenda

On March 2, 2015, the Ukrainian government passed amendments to its 2015 budget that will cripple the economic well being of most Ukrainians, but satisfy the International Monetary Fund (IMF). At the cost of their pensions, tax increases, sky-rocketing energy bills, and a re-organized banking sector, Ukrainians are now poised to get an IMF-led bailout of up to $40 billion. These austerity measures will have a huge adverse impact – with inflation...