20090303

Future is looking good!

On the way back to Kiev after a phantastic ski-vacation, Peter reads "Kyiv Weekly", the only remaining Ukrainian newspaper that's written in English.

Apart from all the crisis -talk, there are also 2 interesting articles about the "rules of the Game".


1) Ukrainians never give in, and whatever happens, it's not bad, so don't worry!

So when the article writes about when and how, not IF the government should declare bankruptcy, the conclusion is simple: The outcome will not be that bad. People might maybe even not realize something has happened.




2) Inflation will be tamed by strong measures taken:
There is a lot of discussion about the inflation effects coming from the devaluation of the UAH versus the USD. Since Summer last year, the UAH has lost about 50% of its value compared to the dollar, which is the main currency for selling big-ticket items or renting flats, housing and the likes. So the described measure which "limits" bribes to judges to below 10 kUSD (If they accept more, then they will maybe get punished) is really good news! Will this bring down real inflation by up to 1%, as well-informed sources say over a couple of Vodkas?







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