What is implied by Poroshenko's statement is that the parliamentary process is slated to become defunct inasmuch as Rada is obligated to adopt the legislation demanded by the IMF and the European Union. And if the Rada does not adopt the legislation, the composition of the Parliament must be changed.
The 2014 budget project demanded by the IMF includes massive cuts in social spending coupled with increased allocations to the Armed Forces. Its adoption will contribute (virtually overnight) to a further process of the impoverishment of the Ukraine population.
The speaker of the Rada, Mr. Oleksandr Turchynov confirmed that the Ukraine Democratic Alliance for Reform (UDAR) and Svoboda (Freedom) would be invited to propose a candidate to occupy the post of interim Prime Minister.
So much for democracy: the leader of a Neo-Nazi formation Oleh Tyahnybok (Image above) will play a key role in the appointment of an interim Prime Minister to replace Mr. Yatsenyuk.
Parliamentary elections will only occur if the Rada fails to forge a new coalition government within the next 30 days:
"The breakup of the coalition 'was probably agreed on by political parties seeking elections and the president,' Yuriy Yakymenko, the head of political research at Kiev's Razumkov Center, a non-governmental policy group, said by phone.
"'Withdrawals from the coalition should not paralyze the parliament's work,' Poroshenko said before Yatsenyuk announced his resignation." (Business Week, July 24, 2014
Yatsenyuk intimated in his resignation speech that the country was bankrupt and that failure to abide by IMF demands would create social chaos:
"The fact is that today you failed to vote for the laws, and I have nothing (with which) to pay wages of policemen, doctors, teachers; nothing to buy a rifle with, nothing to fuel an armored personnel carrier with. Today you failed to take a decision to fill the gas storages to allow us to live through the winter, to at last free ourselves from dependence on Russian gas," (Rada, July 24, 2014)
The IMF Program and the Interim Government
In the days following the Ukraine coup d'Etat of February 23, which led to the ousting of the duly elected president, Wall Street and the IMF -- in liaison with the US Treasury and the European Commission in Brussels -- had already set the stage for the imposition of the IMF's "strong economic medicine."
Following the installation of the interim coalition government, Prime Minister Arseny Yatsenyuk dismissed the need to even negotiate with the IMF. He called for an an unconditional acceptance of IMF shock therapy:
"'We have no other choice but to accept the IMF offer.'
"Yatsenyuk intimated that Ukraine will 'accept whatever offer the IMF and the EU made.'" (voice of russia.com March 21, 2014, emphasis added)
In surrendering to the IMF at the outset of the interim government, Yatsenyuk was fully aware that the proposed IMF-World Bank macro-economic reforms would brutally impoverish millions of people, including those who protested in Maidan against the Yanukovitch government.
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