Word: tymoshenko
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...showing their discontent. "Everyone out!" read signs on the dozen or so tents in Independence Square, the site of the Orange Revolution protests in 2004 that signaled a democratic breakthrough in Ukraine. Disillusionment with the leaders that revolution brought to power, President Viktor Yushchenko and Prime Minister Yulia Tymoshenko, runs high. Yushchenko's approval ratings have plunged to below 5% on the back of his failure to make good on his promises to bring an end to government corruption and send "bandits to jail...
...Much of the anger is directed at the president and the prime minister, whose bickering is hampering efforts to overcome the crisis. "An economic crisis demands political stability," Fesenko says. "But the destabilizing factor at the moment is next year's presidential elections," in which both Yushchenko and Tymoshenko are expected to vie for the top spot...
...Tymoshenko has claimed that the unpopular Yushchenko is trying to push the country toward default in order to declare an emergency situation so that he can remain president. For his part, Yushchenko has accused Tymoshenko of betraying national interests and agreeing "a secret Molotov-Ribbentrop protocol" with Moscow as part of attempts to secure a $5 billion loan to cover budget shortfalls. Russia's outspoken ambassador to Ukraine, former Prime Minister Viktor Chernomyrdin, caused a diplomatic uproar in February when he said they were "at each other like dogs...
...things may not be as bad as they seem. Banking analysts suggest that talk of a sovereign default is overblown, and say not all banks are struggling to pay out. Even more promisingly, Yushchenko and Tymoshenko announced a truce at the end of last week and sent a revised anti-crisis plan to the IMF in the hope of securing further funds...
...when gas deliveries to Germany abruptly stopped this week, Merkel went into action to try to keep the political conflict between Russia and Ukraine from escalating and to ensure the long-term security of gas supplies. She called Russian Prime Minister Vladimir Putin and his Ukranian counterpart Yulia Tymoshenko on Wednesday, persuading them to allow European experts to help resolve the conflict...