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    Activists with bags on their heads and ropes around their necks demand an increase in state funding for the treatment of seriously ill people in front of the government building in Kiev, Ukraine, December 23, 2015

    No Ray of Hope: Ukraine 'Edging Ever Closer' to Political Suicide

    © REUTERS / Valentyn Ogirenko
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    The Ukrainian government needs no external threats to tear their country apart; they can do it all by themselves, according to the international news agency Bloomberg.

    No external threats are needed for the collapse of Ukraine; this can be achieved via the efforts of the country's government, Bloomberg reported.

    The news agency referred to a fist fight in the Ukrainian parliament and "an expletive-filled clash" between Ukrainian Interior Minister Arsen Avakov and Odessa Governor Mikheil Saakashvili that took place earlier this month.

    This is something that underlines the discord which is "threatening to sink the government and derail a $17.5 billion International Monetary Fund rescue. The next flash point will be a vote on the 2016 budget," Bloomberg said.

    The news agency quoted Viktor Szabo, a money manager at Aberdeen Asset Management Plc in London, as saying that Ukraine is most likely to face tougher times ahead in terms of economic growth.

    Szabo referred to the efforts some senior Ukrainian politicians have made to torpedo the adoption of the budget in a bid "to keep the IMF out and prevent the anti-corruption push."

    "If the IMF deal breaks down, you have another negative confidence shock, and you'll see no [economic] growth next year," he said.

    He was echoed by Joerg Forbrig, senior program director at the German Marshall Fund of the US in Berlin, who warned of grave consequences of the latest developments in Ukraine.

    "Judging by recent events, Ukraine is edging ever closer to committing political suicide," Forbrig said.

    President Petro Poroshenko and Prime Minister Arseniy Yatsenyuk of Ukraine have repeatedly been criticized for failing to deliver on their promises to contain corruption and "reduce the sway of oligarchs", according to Bloomberg.

    The news agency pointed out that "frustration is boiling over" as Transparency International earlier ranked Ukraine the 142nd — worst of 175 countries for graft perceptions, while the World Bank admitted that Ukraine has a "long way to go."


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    threats, government, collapse, efforts, International Monetary Fund, Arsen Avakov, Mikheil Saakashvili, Ukraine
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