American economist: Kiev has an “unheard of” position on government debt

American economist Michael Hudson commented on an article in The Nation, former US State Department Advisor James Cardin, on the implications of the recent agreement by the Ukrainian authorities and international lenders to write off 20% of the national debt, stressing that Kiev’s position is “unheard of” because it requires restructuring the country's debt as if it is private.




According to Professor Hudson, the International Monetary Fund needs to convince the Ukrainian authorities that the funds of the National Wealth Fund of the Russian Federation, invested in Ukraine, should be considered as a national debt.

"If the IMF will allow Ukraine to cancel its obligations on Russian bonds, the consequences can be drastic," Hudson cites RIA "News".

At the same time, the economist stressed that in the event of such a development, it will be clear that the IMF has refused to apply international legal norms with respect to the Russian Federation.

According to him, if in December Ukraine intentionally declares a default on the Russian debt, it will show that international law is closed for any state that the United States considers to be its rival.

“To make matters worse, the IMF loan and the benefits of debt restructuring (whatever it may be) can counterpose the oligarchic nature of the country's economy, which is so widespread in government corruption,” he stressed.
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  1. RuslanNN 31 August 2015 08: 52 New
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    Found something to be surprised. There is an unheard-of attitude to everything, including your people.
    1. milann 31 August 2015 09: 12 New
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      Quote: RuslanNN
      Kiev has an "unheard of" position on public debt

      Not the right word - the position is simply unprecedented))).
      But seriously - how much will we indulge our "partners" ?!
      1. captain 31 August 2015 09: 26 New
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        I do not understand this professor, he writes all sorts of rubbish. Kiev has just a normal position on debt, based on the mentality of the leaders of Poroshenko (Valtsman), Yatsenyuk (Bokai), Groysman and 705 deputies of the Rada, who are citizens of another overseas state. Ahi and okhi of some commenting here are superfluous. Every nation deserves its rulers.
      2. VP
        VP 31 August 2015 09: 55 New
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        And do not indulge it as in your mind?
        Kuzkin’s mother to them, a boot on the podium or a missile salvo?
      3. Cynic 31 August 2015 12: 59 New
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        Quote: milann
        But seriously

        Seriously, it was Kosovo. The Russian Federation from all the stands stated _ It is not so, Serbia does not agree. But ... Then Crimea unexpectedly happened somehow, Ukraine certainly does not agree, as well as the world community, which has already shrieked earlier, RECOGNIZE KOSOVO. But ... Really BUT. But their lawyers are silent, a precedent has been created. You won’t get anywhere.
        Now, Ukraine does not want to pay the Russian Federation, well, it recognizes the world community, and then what? Today, Ukraine is on payments of the Russian Federation, and tomorrow, who and what payments?
    2. Jan Krumins 31 August 2015 09: 34 New
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      "To a stake?"
    3. Andrey Yuryevich 31 August 2015 09: 37 New
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      404 has a good teacher.
    4. Sasha 19871987 31 August 2015 11: 50 New
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      Well, their nature is ... humpback grave will fix ....
  2. Penetrator 31 August 2015 08: 53 New
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    According to him, if in December Ukraine intentionally declares a default on the Russian debt, it will show that international law is closed for any state that the United States considers to be its rival.

    Well, will show what? Just think, open secret. But the fact that Russian debt is placed in Eurobonds and is regulated by the EU financial legislation changes the matter. If Ukraine refuses to pay these 3 billion, a dangerous precedent will arise for the debtor to refuse his obligations. Does Europe need it? Barely calmed down Greece ..
  3. andrei332809 31 August 2015 08: 54 New
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    the Yankees are shocked that the Svidomo jumped them in arrogance and cynicism belay
    1. evil partisan 31 August 2015 09: 00 New
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      Quote: andrei332809
      the Yankees are shocked that the Svidomo jumped them in arrogance and cynicism

      1. andrei332809 31 August 2015 09: 13 New
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        Quote: wicked partisan

        I’m wondering who is learning from the Yankees from dill or Dill from the Yankees?
        belay maybe the skipping ropes are also exceptional? what
        1. evil partisan 31 August 2015 09: 41 New
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          Quote: andrei332809
          maybe the skipping ropes are also exceptional?

          There cannot even be 2 opinions.
          1. andrei332809 31 August 2015 10: 11 New
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            and I suspected that the monkeys were descended from protoucre
            1. evil partisan 31 August 2015 10: 19 New
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              Quote: andrei332809
              monkeys descended from protoucre

              stop There was no intermediate evolution in the form of monkeys!
              1. andrei332809 31 August 2015 10: 25 New
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                Quote: wicked partisan
                There was no intermediate evolution in the form of monkeys!

                What do you think? And then, the rest of humanity? I imagine the evolutionary chain like this: protoucr-monkey-homo sapiens.
                President of Ukraine Petro Poroshenko at a meeting with representatives of territorial communities presented new coats of arms of several regional cities, including Lugansk, Donetsk and the Russian Crimea. The press service of the Ukrainian president said that the coats of arms of the cities of Ukraine and Crimea were invented as part of the announced decentralization process. “Each coat of arms, each city of Ukraine has its own unique pattern, its own characteristics. And these such different patterns, these different colors together form a single and unique Ukraine. And Kiev, and Galicia, and the Donbass, and Crimea are all Ukraine, ”Poroshenko said.

                1. evil partisan 31 August 2015 10: 28 New
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                  Quote: andrei332809
                  President of Ukraine Petro Poroshenko at a meeting with representatives of territorial communities presented new coats of arms of several regional cities, including Lugansk, Donetsk and the Russian Crimea.


                  Vladislav Brig, deputy head of the committee on international affairs of the Donetsk People’s Republic, commented on the initiative of the Ukrainian president to the Ukraina.ru publication. “Fools constantly have some strange concerns. Coats of arms are drawn, which no one asks for, talk about events that no one needs ... This is an activity to divert the attention of their public from the problems that arise on the eve of the heating season and the massive sacrifices that the next boiler will bring, which Ukrainian troops will certainly fall into in case of an offensive, ”Brig emphasized.

                  Source: http://politikus.ru/events/56923-poroshenko-predstavil-novye-gerby-kryma-donecka
                  -i-luganska.html
                  Politikus.ru
                  1. andrei332809 31 August 2015 11: 09 New
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                    Quote: wicked partisan
                    Vladislav Brig, deputy head of the committee on international affairs of the Donetsk People’s Republic, commented on the initiative of the Ukrainian president to the Ukraina.ru publication.
                    1. evil partisan 31 August 2015 13: 42 New
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                      Quote: andrei332809
                      I got drunk on the way ...
            2. The comment was deleted.
            3. northern 31 August 2015 12: 23 New
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              Quote: andrei332809
              and I suspected that the monkeys were descended from protoucre

  4. rotmistr60 31 August 2015 08: 55 New
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    Kiev’s position is “unheard of,” as it requires restructuring the country's debt, as if it were private.

    Even an American economist draws attention to the fact that Kiev has completely lost its sense of proportion.
    “If the IMF allows Ukraine to annul its obligations on Russian bonds, the consequences can be radical»

    And I hope that in this case the consequences will not take long. They want to help Ukraine, help, but out of pocket. All these years, Russia has helped the country, which doused it and mixed it with shit.
  5. Uncle VasyaSayapin 31 August 2015 08: 55 New
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    No debt, then no country. Revoke their independence and all.
  6. sagitch 31 August 2015 08: 57 New
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    Jews cried - when a crest was born!
    1. beer-youk 31 August 2015 09: 12 New
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      They not only cried, but also built a wall for this crying!
    2. Penetrator 31 August 2015 09: 12 New
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      Quote: sagitch
      Jews cried - when a crest was born!

      Yeah, they cried. Laughing. "Who is a Ukrainian? - This is a Russian who thinks he can deceive a Jew"
  7. sem-yak 31 August 2015 08: 58 New
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    Is there life on Mars !? No life on Mars !? But we’ll certainly not see our grandmothers !!!
  8. Dezinto 31 August 2015 08: 58 New
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    It is Ukraine.....
    The Americans still do not understand who they contacted ... :)
    Perhaps the Great Uropithecus will demand the demolition of the statue of liberty ... or rename the moon ...

    Nno play it as it turns out ... play ...

  9. gelezo47 31 August 2015 09: 02 New
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    Svidomo managers certainly behave impudently. Writing off 20% of the debt will not help them much. And the fact that they don’t want to give us back was understandable for a long time. That’s what’s going on. We’ll wait and see .... what
  10. The comment was deleted.
  11. polite people 31 August 2015 09: 04 New
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    No matter how much the rope twists, it will still curl down. This is life - baby piglet.
    1. inkass_98 31 August 2015 09: 15 New
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      Quote: polite people
      No matter how much the rope

      ... "And you meddle in the noose" (C) V.S. Vysotsky, "The Robber." And how does one approach the situation in Ruin, just one to one:
  12. Patriot 771 31 August 2015 09: 06 New
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    Under-state, under-government, non-people. Wait, they (dill) will go to us with the war. Animals. angry
    1. Tusv 31 August 2015 09: 16 New
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      Quote: Patriot-771
      Wait, they (dill) will go to us with the war. Animals.

      Captive surrender? They can
  13. zoknyay82 31 August 2015 09: 06 New
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    This debt is in hm international bonds. The British fund acted as the guarantor. He should pay the money back in the event Ukraine refuses, but it’s obvious that the “partners” can “throw” them, now they are making more and more decisions on the "concepts".
  14. atamankko 31 August 2015 09: 11 New
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    The height of arrogance and lawlessness.
  15. Voha_krim 31 August 2015 09: 12 New
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    It’s one thing that the economist says, and quite another - what the State Department will say to the Ukrainian economists! With the words of the State Department, Ukraine !!!
  16. wild 31 August 2015 09: 14 New
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    They will not pay, but the USA will be covered. And the snot of the Russian Federation will erase and a discount on gas for Parashka and coal for Svidomo. So you will see.
  17. cap54 31 August 2015 09: 16 New
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    There are as many positions in the Ruin as there are positioners in their parliament headed by Porosenkin ... And they will choose the position that his left leg wants! And you are talking about some kind of compliance with international norms, rules and laws ...
  18. vobels 31 August 2015 09: 20 New
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    Svidomo greyhound exceeded all the expectations of minke whales. What a scream! But our money, of course, is a pity.
  19. bmv04636 31 August 2015 09: 25 New
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    And the "light elves" are intensely digging a hole under their already not always green. Wait and see if this happens, as I understand it, our firms may also not pay Western banks?
    1. Amurets 31 August 2015 09: 38 New
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      In England, precedent is right. If we are thrown, then according to this right, since a precedent has been created, ours may also not pay debts to the British, and who in this case will suffer more is a big question? And based on this right, Russia may not pay
  20. maximus 31 August 2015 09: 27 New
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    A crest sleeps at night with his wife!
    Husband, tossing and turning, do not fall asleep!
    His wife is Petro, why aren’t you sleeping?
    Petro - Yes, I’m neighbor Ivan, 1000 rubles should!
    Wife Knocks on the wall and yells - Ivan, Petro will not give you the money!
    Wife- Well, that's all, sleep Petechka!
    1. Das Boot 31 August 2015 09: 38 New
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      Quote: maximus
      A crest sleeps at night with his wife!

      I did not understand - now all old jewish jokes will pass xoxlaksky upgrade?laughing
  21. Vladimir Pozlnyakov 31 August 2015 09: 32 New
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    The people, taught by compulsory "purchases" of Gossim bonds back in Soviet times, massively spit upon the "purchase" of dill bonds for 3 billion! Back in December 2014, not only the people, but also the SMART experts warned of the deplorable outcome of such a DOOR!
  22. Mountain shooter 31 August 2015 09: 47 New
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    The fact that the dill is trying not to repay the debt, it was clear immediately after the coup. Still easy to get off. There generally 15 lard loomed. But they can’t help but give. This is a precedent! If Russia is placed outside the legal field of European civilization, then it may not return loans? But it will be ayabrik financial system! I’m not sure that the West will want to take such a risk.
  23. Anchonsha 31 August 2015 09: 50 New
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    This American is surprised ... And why does the junta behave this way, is not afraid of anyone and does not want to answer for anything? Only because of the position of the United States itself, which Bandera considers patrons due to the fact that they are opposed to Russia. But such a situation cannot last longer than at most 3-4 years at present due to economic instability in the world. The United States in its behavior is so unstable in relation to any of its accomplices (that’s exactly what you need to call everything related to aggressive actions and relations with the United States) and only now can they bind themselves by seeming friendship with mattresses. Even the geyropeytsy already feel a special grasp of the United States in relation to them, and not everyone is aware that the United States wants to completely drop the European Union economically and make it militarily incapable. And this will make the complaisant Brussels-based officials-inmates to be with the United States in one harness against Russia
  24. sv68 31 August 2015 09: 56 New
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    Now, if Kiev said that I would return all the debts at the cost of all debts, then this would be an unheard of position!
  25. Makarov 31 August 2015 10: 04 New
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    international law is closed to any state that the United States considers its rival - the captain is also obvious to me ...
  26. Vladimir 1964 31 August 2015 10: 07 New
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    Unfortunately, due to the lack of financial need, I do not know this economist, but nevertheless, if this statement had a place to be, it causes respect.
  27. Alexey M 31 August 2015 10: 12 New
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    American economist: Kiev has an "unheard of" position on public debt.
    So the Americans laughed with Ukrainians. Our problems with paying for gas did not teach them anything.
    Here are a hundred pounds of Ukrainians will not give them money. good
  28. roskot 31 August 2015 10: 20 New
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    They did not know and do not know such a word to give. There is a word to restructure. In Russian it will be depressed.
  29. samoletil18 31 August 2015 10: 30 New
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    An unheard-of position is when Ukraine says that it will repay the debt in five minutes. And so, nothing "unheard of"
  30. Senior manager 31 August 2015 15: 24 New
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    International law ceased to exist with the collapse of the USSR, immediately after the American fascists felt that the opportunity to get on the scoreboard was over, and therefore you can do whatever you like under the guise of slogans about the protection of "democracy."
  31. Vega 1 September 2015 06: 49 New
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    It was just scary for someone, and suddenly they won’t even pay back their debts, and then they will yell at the violation of “democracy”.