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Article

Ukraine's 'Unique Government' Gives Way to 'Unique' Despair

24.11.2009 Source: Pravda.Ru
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On November 22, Ukrainian democrats celebrated the fifth anniversary of the start of the Orange Revolution. The celebration is tear-stained because the heroes of Maidan drove Ukraine to its present miserable condition.

Yulia Tymoshenko
Yulia Tymoshenko
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Viktor Yushchenko’s favorability rating does not exceed the margin of error. Yulia Tymoshenko still stays afloat, but the results of her activity as the Prime Minister leave much to be desired.

It was obvious to many that the current executive power in Ukraine is not capable of building a long-term development strategy. Until recently, it was assumed that Tymoshenko would be able to get to the Presidential Elections to be held on January 17, 2010 without bringing the country to an economic collapse.

There is not much time left till the election, and the seriousness of the economic situation in the country is unprecedented.

Here are some bright examples.

Approximately a week ago there was a statement in a Ukrainian on-line forum met with harsh criticism of the “orange” part of the Ukrainian on-line community.

The author of the statement, referring to an informed source, told the forum participants about the current condition of the state treasury. According to his information, average daily balance of the treasury accounts within the last four weeks is one to two billion grivnas.

For the sake of comparison, a year ago this number was 30 to 36 billion grivnas, and last summer it was 16 to 18 billion. It is worth mentioning that the country spent borrowed money to meet the budget for the next three months.

Could it be that all this is just the machinations of envious tongues, and in reality Tymoshenko is a professional economist, talented leader and experienced crisis manager? Let’s see what the author of the unique strategy “The Ukrainian Breakthrough” has been up to these days.

Recently Yulia Tymoshenko realized that foreign countries are the only source of support. Last week, she met with the ambassadors of the Big Seven and announced that Ukraine could be only saved by dollar and euro loans.

Some of her statements were made before media representatives, which once again proved that the head of the Ukrainian government was quite desperate.

She told the ambassadors that if it had not been for the fruitful cooperation between Ukraine and the International Monetary Fund (IMF), it would have been impossible for Ukraine to survive the last year.


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