George Osborne offered the Ukraine a blank cheque last night to turn the ravaged country around.The Ukraine is simply not our problem and interfering between the EU and Russia haas turned the place into a very nasty troublespot just waiting to happen. The EU has thoroughly antagonised Russia by backing the rebels when it should have kept its nose out and the ever fragrant Catherine Ashton, High Representative of the Union for Foreign Affairs and Security Policy and Vice President of the Commission was clearly as ever out of her depth representing the EU in negotiations.
The Chancellor said the UK is willing to pour millions of pounds of taxpayers’ money to prop up the new government.
Speaking at a meeting of G20 finance ministers in Australia, Mr Osborne said: ‘We are here ready to help just as soon as there is someone at the end of the telephone.
'We should be there with a chequebook to help the people of Ukraine rebuild their country.’
Last night it was unclear how much cash might be provided but Britain is likely to contribute to stability funds being put together by the European Union and the International Monetary Fund.
Since the uprising on Saturday ousted the Russian-backed President Viktor Yanukovych, Ukraine no longer has access to a £9billion handout from Moscow.
Ukraine may need a bailout since it has a dire ‘CCC’ credit rating, but British taxpayers may not take kindly to assisting a country with huge natural resources including oil, whose former president spent millions on a vulgar palace while his people suffered.
As it is, writing a blank cheque to what is essentially a kleptocracy led by a corrupt cabal (and yes that's what the rebel leaders are) seem like just handing money over to another set of crooks as opposed to the Russian backed crooks.
There are historical reasons for the Ukraine being split on its east/west ethnic lines with memories of the Soviet Unions abysmal record still deep in peoples minds, however the counterbalanced fascistic tendencies that grew out of this when the Soviets collapsed are not exactly a welcome addition to the EU's influence.
In short we should let them sort out their own problems and not just offer them a blank cheque.
Sadly no one seems willing to listen to common sense in the political classes, after all, it's only money isn't it?