"The wrong country was named Honduras"

In the article titled "The Wrong Country Was Named Honduras," the online paper Ukrainiska Pravda presented results of the last economic research conducted by the Ukrainian Centre for Economic and Political Studies. The figures terrify. 70 percent of Ukrainians are on the verge of poverty. Almost one million families survive on less than USD ten per month. Hourly payment of labour is fifteen times lower than the acceptable international measure of poverty. "There are universal standards of poverty," says the newspaper. "According to the European Bank of Reconstruction and Development (EBRD), people can be qualified as surviving under the verge of poverty when they spend less than four dollars per day. The World Bank considers those who have one dollar per day as living in absolute poverty. Few reservations in Africa and South America have such indicators. Maximum pension in Ukraine is nearly UAH 100." A bit of mathematics: UAH 100 per months means UAH 3.3 per day. The present exchange rate is USD one to UAH 5.44. Through simple mathematics we get around USD 0,61 per day or USD 18.4 per month. At least the level of corruption in Ukraine has already reached such depths that it is difficult to find many other countries that it can be compared with.