AIRLINK 211.51 Increased By ▲ 1.96 (0.94%)
BOP 10.54 Increased By ▲ 0.08 (0.76%)
CNERGY 7.37 Increased By ▲ 0.02 (0.27%)
FCCL 34.55 Increased By ▲ 0.16 (0.47%)
FFL 18.18 Increased By ▲ 0.13 (0.72%)
FLYNG 23.35 Increased By ▲ 0.43 (1.88%)
HUBC 132.13 Decreased By ▼ -0.36 (-0.27%)
HUMNL 14.28 Increased By ▲ 0.14 (0.99%)
KEL 5.13 Increased By ▲ 0.10 (1.99%)
KOSM 7.20 Increased By ▲ 0.13 (1.84%)
MLCF 45.19 Decreased By ▼ -0.01 (-0.02%)
OGDC 220.74 Increased By ▲ 2.36 (1.08%)
PACE 7.75 Increased By ▲ 0.17 (2.24%)
PAEL 42.42 Increased By ▲ 0.72 (1.73%)
PIAHCLA 17.54 Increased By ▲ 0.24 (1.39%)
PIBTL 8.75 Increased By ▲ 0.20 (2.34%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 191.00 Increased By ▲ 1.97 (1.04%)
PRL 42.65 Increased By ▲ 0.32 (0.76%)
PTC 25.80 Increased By ▲ 0.63 (2.5%)
SEARL 104.50 Increased By ▲ 0.54 (0.52%)
SILK 1.03 No Change ▼ 0.00 (0%)
SSGC 41.15 Increased By ▲ 1.91 (4.87%)
SYM 19.50 Increased By ▲ 0.34 (1.77%)
TELE 9.46 Increased By ▲ 0.22 (2.38%)
TPLP 13.00 Decreased By ▼ -0.10 (-0.76%)
TRG 70.51 Increased By ▲ 1.33 (1.92%)
WAVESAPP 10.76 Increased By ▲ 0.04 (0.37%)
WTL 1.72 Increased By ▲ 0.01 (0.58%)
YOUW 4.18 Increased By ▲ 0.04 (0.97%)
BR100 12,224 Increased By 144.7 (1.2%)
BR30 37,019 Increased By 416.3 (1.14%)
KSE100 117,293 Increased By 1240.5 (1.07%)
KSE30 36,991 Increased By 413.8 (1.13%)

Ukraine's pro-EU ruling coalition pulled back from the brink on Thursday after one junior partner withdrew while a populist party announced plans to step in and pull the country "out of the abyss." The war-scarred former Soviet republic has been riven by weeks of political chaos that culminated in a failed bid by parliament on Tuesday to oust Prime Minister Arseniy Yatsenyuk's government over its perceived failure to fight graft.
Ukrainian media and analysts say lawmakers who refused to back Yatsenyuk's dismissal were believed to represent the interests of three top billionaires who have dominated the country's politics for years. The failed vote prompted ex-prime minister Yulia Tymoshenko - a co-leader of the 2004 Orange Revolution - to withdraw the 19 members of her Batkivshchyna (Fatherland) party from the government-led European Ukraine coalition on Wednesday.
She accused Yatsenyuk and his ministers of being stooges of shady tycoons and called on other lawmakers "who care about the country" to follow suit. Her call was answered on Thursday by the socially-oriented Samopomich (Self-Reliance) party's announcement that it too was joining the opposition. The party's parliamentary leader Oleg Berezyuk said "Samopomich can no longer stand in alliance with other political forces that joined an oligarch-led takeover of parliament."
The two groups' decisions temporarily left President Petro Poroshenko and Yatsenyuk - whose allied parties hold 217 seats - just short of the 226-vote majority required to pass laws. The possibility of the coalition's collapse and lawmakers' subsequent failure to form a new one within a month would give the president the right to call new legislative polls.
Poroshenko said on Tuesday he would prefer not to use that option unless absolutely essential. Polls show support for both him and Yatsenyuk plunging and suggest they would fare poorly if snap elections were called. Both Tymoshenko's party and Samopomich would likely make gains that turn them into a potent force capable of standing up to the president and prime minister's efforts to push through the unpopular belt-tightening measures needed to secure foreign aid.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.