As if Ukraine was not struggling through enough turmoil currently, Bloomberg reports that the fragile coalition government has collapsed after two parties quit. The UDAR and Svoboda parties said they’d leave the government and seek a snap parliamentary ballot. Tempers have been fraying recently as numerous brawls have broken out in parliament ahead of President Poroshenko’s pledge to call elections this year. All we have to do now is find out who Washington would like to see in power? The end result: Prime Minister Yatsenyuk just resigned. The big question now is what will the IMF do about the remaining tranches of its loans? Via BBG:
Read the full story at: www.zerohedge.com / link to original article
With the nation teetering on the brink of default amid major inflation pressures at home and growing poverty (and Kirchner facing pressure into next year’s election), today’s loss in the FIFA World Cup final appears to have lit the blue touch paper. As RT reports, police used tear gas and water cannons to disperse angry fans in Buenos Aires. Following the mass gathering around the Obelisk during the game, fans clashed with riot police as the loss sunk in. There are no reports of civilian injuries but 8 police were hurt. Rio has also seen violence between Argentina fans and others (and Brazil’s Rousseff has issued a calming statement).
As the day of the IMF’s release of funds to Ukraine draws near – solving all their problems with yet more debt, we are told to believe – Russia’s Gazprom has gently reminded the Ukrainian government that it owes them… $3.49 billion! and its due the 7th day of May!
Lucas 2012 Infos 