@FT: Ukrainian Coup Government cements its Neo-Liberalism with the long delayed appointment of Yakiv Smolii. Old Socialist comments

As reported in The Financial Times:

Petro Poroshenko, Ukraine’s president, formally nominated Mr Smolii this January after having previously considered other candidates. Nearly a year of political horse-trading delayed the appointment of a new governor. Support for Mr Smolii’s candidacy swelled in recent months, not least because the central bank under his leadership demonstrated independence and bold adherence to anti-inflation targeting in adopting a series of unpopular rate rises.

Look to the notion of a  ‘bold adherence to anti-inflation targeting’ as the maladroit  apologetic for Austerity , not to speak of the twin notion of ‘anti-corruption’. The quoted  comment by Timothy Ash ’emerging markets strategist’ or in plain English Vulture Capitalist, is telling!

“[Mr Smolii] has performed admirably in the job . . . indeed, I think the NBU is currently a reform beacon, where other reforms seem to be lagging,” Timothy Ash, emerging markets strategist at Bluebay Asset Management, wrote in a note.

The reader also must note that the comments section for this ‘news item’ is not enabled. Never a surprise, as the editors of this ‘newspaper’ fear more than anything the withering contempt of their regular readership!

Old Socialist


About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer. 'Polemic is a discourse of conflict, whose effect depends on a delicate balance between the requirements of truth and the enticements of anger, the duty to argue and the zest to inflame. Its rhetoric allows, even enforces, a certain figurative licence. Like epitaphs in Johnson’s adage, it is not under oath.' https://www.lrb.co.uk/v15/n20/perry-anderson/diary
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