Cui Bono: Who Stands to Gain Ukraine's IMF "Bailout"?

Who In Ukraine Will Benefit From An IMF Bailout?

by TRNN

Economists Michael Hudson and Jeffrey Sommers discuss how provisions in an IMF deal like cuts to gas subsidies and pensions will hurt the average Ukrainian citizens and benefit kleptocrats.

 

Jeffrey Sommers is an associate professor and Senior Fellow of the Institute of World Affairs at the University of Wisconsin-Milwaukee. He is also visiting faculty at the Stockholm School of Economics in Riga. He is co-editor of the forthcoming book The Contradictions of Austerity. In addition to CounterPunch he also publishes in The Financial Times, The New York Times, The Guardian, TruthOut and regularly appears as an expert on global television.

Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. His two newest books are “The Bubble and Beyond” and “Finance Capitalism and its Discontents,” available on Amazon.