EU preparing $55 billion bailout for Kiev – Bloomberg ...News

Western taxpayers’ money will be used to pay for Ukrainian pensions and the wages of government employees The European Commission wants member states to cough up €50 billion ($55 billion) to bankroll the Ukrainian government, so it can pay wages and pensions, and commence reconstruction projects, sources cited by Bloomberg have said. The terms of the proposed bailout are subject to change pending an official announcement on Tuesday, the outlet reported on Tuesday. The package will be financed by direct contributions from member states, as opposed to borrowing from the market. The aid will be provided in the form o

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