Thursday, Dec 24, 2009

If you read it out loud it sounds like "UK"

FT: Ukraine's plea for $2bn loan refused by IMF

The International Monetary Fund has turned down recession-battered Ukraine's plea for a $2bn emergency loan before next year, a senior Ukrainian official said yesterday, citing his country's failure to adopt a fiscally prudent 2010 budget and muster political consensus before the presidential election. But officials said the financially stretched government had other options that might allow it to get through the coming months, to help pay energy import bills as well as pensions and public-sector wages. Officials have warned that Kiev's financial woes could "spill over" into Europe, whose banks hold a 40 per cent market share in Ukraine.

Posted by drewster @ 08:39 AM (1399 views)
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1. alan said...

"fiscally prudent 2010 budget".

If anyone can explain that one to us, perhaps they would be kind enough to copy their reply to Darling and Brown. They will need to know the answer before making the UK's loan application.

Maybe Mandelson will be able to give Brown some guidance...he's gone a bit quiet, lately!

Thursday, December 24, 2009 09:19AM Report Comment

2. inbreda said...

that's because he's a rat who's just realised that he jumped on board the sinking ship.

Thursday, December 24, 2009 09:29AM Report Comment

3. jack c said...

@alan - Mandy's just the man when it comes to loan applications - perhaps the UK need only apply to the Britannia and or Geoff Robbo

Thursday, December 24, 2009 11:13AM Report Comment

4. rumble said...

"Officials have warned that Kiev's financial woes could "spill over" into Europe, whose banks hold a 40 per cent market share in Ukraine."

We were talking about this a fair while back. These things play out really slowly.

Thursday, December 24, 2009 06:13PM Report Comment

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