Saturday, June 4, 2011
Reuters: Russia to Bailout Belarus
Hey, somebody had to step in and fill the nation-raping void left when DSK allegedly raped the IMF temporarily out of the business.
Cash-strapped Belarus will receive a three-year $3 billion loan from a Russia-led regional bailout fund as it seeks to stabilize its economy, Prime Minister Vladimir Putin's spokesman Dmitry Peskov said on Saturday.
The former Soviet republic on Friday unveiled a series of measures to end the crisis, including a vow to cut its budget deficit in half, after its currency lost 36 percent of its value in May and inflation reached 20.2 percent.
Posted by The Doc at 7:06 PM