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Thread: Belarus Seeks Emergency IMF Bailout

  1. #1
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    Belarus Seeks Emergency IMF Bailout

    Belarus seeks emergency IMF bailout - Europe - Al Jazeera English

    Mikhail Myasnikovich, the Belarusian prime minister, said on Wednesday: "We ... estimate the size of support [loan] between $3.5bn and $8bn", saying the programme could last three to five years.
    The move signals growing economic pressure on Alexander Lukashenko, the Belarusian president, who spent heavily ahead of elections last year and promised to raise wages sharply while rejecting the need for Western help.
    Moscow has since refused to offer direct assistance to Minsk and itself demanded that Lukashenko approve a privatisation programme that could see Russian firms take over large swathes of its neighbour's econom
    Interests rates were hiked last week by a remarkable 200 basis points to 16 per cent and the government admitted that annual inflation would this year hit 39 per cent under its optimistic forecast.
    ...at that last excerpt.

    Who knew Lukashenko couldn't manage an economy?
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    Quote Originally Posted by Josie
    Thanks for your awesomeness, Jeezy.

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    Re: Belarus Seeks Emergency IMF Bailout

    Same thing's headed our way. We're just pretending it's not.

    The government is about to print a bunch more money.

    News Headlines

    And we're going to raise the debt ceiling, too.

    Tick, tock, tick, tock.

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    Re: Belarus Seeks Emergency IMF Bailout

    Quote Originally Posted by Erod View Post
    Same thing's headed our way. We're just pretending it's not.

    The government is about to print a bunch more money.

    News Headlines

    And we're going to raise the debt ceiling, too.

    Tick, tock, tick, tock.
    QE isn't really "printing" money, per se...more like an asset swap that monetizes debt we already have.
    SWAGSWAGSWAGSWAGSWAGSWAGSWAGSWAG
    Quote Originally Posted by Josie
    Thanks for your awesomeness, Jeezy.

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