In These New Times

A new paradigm for a post-imperial world

European Union’s double standards

Posted by seumasach on April 8, 2014

New Europe

6th April, 2014

Not long ago, the Ukraine was on the brink of a new economic meltdown. Its debt was roughly €140 billion or approximately 80% of its nominal Gross Domestic Product.

However, the Ukrainian economy was largely supported by loans from Russian Banks, which injected Kiev with almost €28 billion. In addition to that, the European Union, also injected €11 billion last week without any conditions attached.

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