Ukraine’s IMF Deal Means Greece-Like Depression

Jack Rasmus @ Common Dreams - On Thursday, the IMF released the broad outlines of its terms and conditions for loans and other measures for the Ukrainian economy. What those terms and conditions mean is less a rescue of the Ukrainian economy than the onset of a Greece-like economic depression for the Ukrainian populace.

Ukraine’s economy had clearly entered a recession, its third since 2008, sometime in the latter half of 2013.  Some recent estimates of the likely contraction of the economy in 2014-15 have ranged from 5%-15% in GDP decline.  Read more.