As if Ukraine was not struggling through enough turmoil currently,
Bloomberg reports that the fragile coalition government has collapsed
after two parties quit. The UDAR and Svoboda parties said they’d leave
the government and seek a snap parliamentary ballot. Tempers have been
fraying recently as numerous brawls have broken out in parliament ahead
of President Poroshenko's pledge to call elections this year. All we
have to do now is find out who Washington would like to see in power?
The end result: Prime Minister Yatsenyuk just resigned. The big question
now is what will the IMF do about the remaining tranches of its loans?
Via BBG:
*YATSENYUK RESIGNS
*YATSENYUK SAYS HE RESIGNS BECAUSE OF COALITION COLLAPSE
*YATSENYUK SAYS HE WON'T CALL FOR A NEW COALITION
*YATSENYUK SAYS HE RESIGNS ALSO BECAUSE GOVT LAWS FAILED TO PASS
*UKRAINE SPEAKER TURCHYNOV CALLS FOR INTERIM PREMIER
How The Ukrainian government has settled these problems in the past.
http://youtu.be/06AahX-gcbI
As Bloomberg reports,
Ukraine’s
coalition collapsed after two parties quit during a months-long
pro-Russian insurgency in the nation’s east that downed a Malaysian Air
jet last week.
The UDAR and Svoboda parties said they’d leave the
government and seek a snap parliamentary ballot, according to statements
today on their websites. Under the constitution, the former Soviet
republic has 30 days to form a new coalition or it must call early
elections. The existing cabinet will remain in place in the meantime.
Prime
Minister Arseniy Yatsenyuk’s government, took over the country in
February after pro-European street protests prompted Kremlin-backed
President Viktor Yanukovych to flee to Russia. Yanukovych’s successor,
billionaire Petro Poroshenko, had pledged to call parliamentary
elections this year.
“We will probably have snap parliamentary
elections at the end of October,” Yuriy Yakymenko, the head of political
research at the Razumkov Center, said by phone from Kiev today. “This
option was probably agreed on by political parties seeking elections and
the president.”
The government and the current parliament will
keep working until new institutions are formed, he said. Olga Lappo,
Yatsenyuk’s spokeswoman, declined to comment when reached by phone
today.
* * *
Ukrainian bonds are tumbling on the news...
via Meanwhile, Ukraine's Government Collapses, PM Yatsenyuk Resigns | Zero Hedge.
