'While attention is turned to the non-proven H1N1 as cause of a recent wave of illnesses and even some deaths across Ukraine, few if any have bothered to look at the public health consequences of Ukraine’s program with the International Monetary Fund. When the global financial crisis erupted into a systemic crisis in September 2008, one of the countries most devastated was Ukraine, where foreign lending had created an untenable speculative bubble that burst with a vengeance leaving the Ukraine currency falling like a stone and bankruptcies everywhere in one of Europe’s poorest countries.'
'IMF demands have become politicized in the heated Ukranian election battle for early 2010. Prime Minister Julia Tymoshenko has agreed to IMF demands for cuts in public wages and pensions. Her rival President Viktor Yushchenko has rescinded the cuts, putting the IMF loan on hold.'
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