Tuesday, November 17, 2015

Alexander Mercouris — Putin Shows up IMF's Christine Lagarde

Putin’s supposed “offer” at the G20 to restructure the $3 billion debt Ukraine owes Russia has been universally misunderstood.
It was not a real offer at all.
Firstly, it was not made to Ukraine - which is the country that owes the money - but to the IMF’s Christine Lagarde.
Secondly the “offer” is conditional on the IMF - or the US or EU - guaranteeing to pay Russia the money if Ukraine defaults.…
Again the press gets it wrong.

Russia Insider
Putin Shows up IMF's Christine Lagarde
Alexander Mercouris

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