David Sibley
The Ukraine, is experiencing major political upheaval in this current economic crisis. The country has been hard pressed by the global decline in demand for steel, the Ukraine's chief export. The country's currency has dropped forty-percent compared to the dollar. And the opposition party to the current president, Viktor A. Yushchenko, on wednesday blockaded the Parliament, and stalled the vote for measures that would grant an International Monetary Loan. A Loan that the country is now dependent on. The Party of Regions, the Pro-Russio opposition party, is now demanding that there be early presidential elections, which are not due until january 2010. President Viktor A. Yushchenko, whose Pro-West stance has been an issue since the early days of his administration, said that he wouldn't be opposed to holding those early elections. On friday a massive anti-government rally was held in the city of Kiev by the Party of Regions, and the police estimates were that the rally was around 8,000 strong, but other estimates place at 20,000. The current administration has is running at about three percent of the populations support, and if there were early elections it would be a showdown between the President and the Prime Minister.
The situation in the Ukraine should be watched, as its economic struggles intensify and as the Government is further destabilized, if it will go the way of Iceland and have a full Government collapse...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment