Germany's Scholz: Ukraine needs 500 billion USD \ stacker news ~econ

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Germany's Scholz: Ukraine needs 500 billion USD

445 sats \ 15 comments \ @TomK 11 Jun econ

German Chancellor Olaf Scholz has urged significant investments in Ukraine at a recent reconstruction conference. He committed to advocating for extensive aid from G7 nations to support Ukraine amidst its conflict with Russia. Scholz emphasized the need for private sector investment alongside government funds to effectively rebuild the nation. He assured continuous support for Ukraine and rejected the notion of a military or enforced peace settlement.

"The country's reconstruction and modernization will demand substantial investments, with the World Bank estimating nearly $500 billion over the next decade," Scholz stated. Ukrainian President Volodymyr Zelensky also attended the two-day summit in Berlin.

The credit pump will be running hot!

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63 sats \ 10 replies \ @0xbitcoiner 11 Jun

The need for significant funding for the reconstruction was evident from the start. The pressing question is, how will they finance this endeavor? Will they resort to mortgaging their agricultural output?

84 sats \ 9 replies \ @fm 11 Jun

Will they resort to mortgaging their agricultural output?

Yep.. Blackrock is there already..

A Ukraine reconstruction bank being set up by Kyiv with help from BlackRock and JPMorgan Chase has at least $500 million in committed capital and could be ready to launch in 5-6 months with close to $1 billion, a senior Ukrainian official said on Wednesday.

63 sats \ 5 replies \ @siggy47 11 Jun

I think a guy named Hunter is being hired as a consultant.

65 sats \ 4 replies \ @TomK OP 11 Jun

Lol. Guess he is well-connected in the region?

42 sats \ 3 replies \ @fm 11 Jun

Nahhh, the feds already told us Burisma and Hunter is just russian desinformation.. Nothing to see here..

11 sats \ 2 replies \ @TomK OP 11 Jun

That's goid news. Nobody should have the right to critizice such a good family!

42 sats \ 1 reply \ @fm 11 Jun

A word once uttered can never be recalled. - Quintus Horatius Flaccus

'I said, I'm telling you, you're not getting the billion dollars"... I looked at them and said: "I'm leaving in six hours. If the prosecutor is not fired, you're not getting the money." Well, son of a bitch. He got fired.'" - Creepy Joe

21 sats \ 0 replies \ @TomK OP 11 Jun

Human crap

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42 sats \ 2 replies \ @0xIlmari 11 Jun

We know very well how predatory are loans from the likes of World Bank. Ukraine has no chance to repay most of them and the agricultural infrastructure will be forfeit to foreign actors.

Ukraine stood as an agricultural powerhouse for centuries. Now Zelensky is willingly selling off his country to foreigners.

0 sats \ 1 reply \ @TomK OP 11 Jun

Seen in this light, the Ukraine affair was a wonderful robbery

42 sats \ 0 replies \ @0xIlmari 11 Jun

Never let a crisis go to waste.

76 sats \ 0 replies \ @Cje95 11 Jun

Let me turn on the money printer real quick!

75 sats \ 2 replies \ @Coinsreporter 11 Jun

Okay, I can understand that Ukraine needs this for reconstruction. But, it's sad to listen from someone whose own country (a.k.a. his own land) needs to reconstruct as well, albeit on monetary grounds. What about Germany's falling Economy?

12 sats \ 1 reply \ @TomK OP 11 Jun

These people hate their country

42 sats \ 0 replies \ @Coinsreporter 11 Jun

It's true. Haven't listened anything from Scholz about Germany in a while.