Word: parliament
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Dates: during 1990-1999
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There are no more loans in Russia's near future. Even the next IMF payment, due Sept. 15, is in doubt because the fund is demanding a balanced budget. So Chernomyrdin and the communists who run parliament intend to go back to the printing press and turn out rubles. That will bring back hyperinflation and pauperize the nation. The world will have to worry how even the docile Russians will accept such treatment, and what their political response will be. All indications are that Russians have tried communism and don't want to go back to it. But now they...
...back to town, but when the announcement was finally made, he said nothing. He didn't even seem tempted to fire his Prime Minister--his usual style of crisis leadership--possibly because he would then have to try to get a new one approved by a hostile parliament. "He's clearly getting really close to the wall," says a senior U.S. State Department official. "He's running out of options...
Unfortunately, it is not likely to get one at the hands of a parliament dominated by communists and nationalists who despise Yeltsin and his youthful reformist ministers. The government was to try again to pass a long-delayed reform package at week's end in a special session of the Duma. Prime Minister Sergei Kiriyenko has had no more luck than his predecessors in budging the Duma, but now he can plead that this is a genuine crisis...
...envy and a little dog-wagging of his own. "On one level, he feels personally slighted about being out of the loop on the attack," says Quinn-Judge. "But like Clinton, Yeltsin has a domestic scandal of his own to contend with: his devaluation of the ruble. With the parliament calling for his resignation, a little burst of nationalist fury does not go amiss...
...Zarakhovich. "He's hoping the U.S. will use its influence, because right now the IMF has even suspended existing credits to the country." The reason: Ukraine has made scant progress in reforming its Soviet-era economy, nor is it likely to while Kuchma remains shackled by a leftist-dominated parliament...