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IMF's Insistence on Economic Austerity Could Derail Ukraine's Chance of Survival


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IMF's Insistence on Economic Austerity Could Derail Ukraine's Chance of Survival

Mark Weisbrot

On May 25, the "Chocolate King" handily won the Ukrainian presidential elections in the first round.

Billionaire Petro O. Poroshenko is so named because he made his fortune in the confectionary business. The defeated runner-up, former prime minister Yulia V. Tymoshenko is sometimes referred to as "the Gas Princess," since she struck it rich in the energy sector.