End of Crisis
On 22 October, President Yushchenko stated that the precise date for the early election could not be set until parliament (work in parliament was blocked by protests from 21 October till 24 October) approved finances for the poll and voted for legislation to help Ukraine through the world financial crisis. So far parliament hasn't approved funding. On 12 November 2008 Yushchenko stated in an interview published in the Warsaw daily Rzeczpospolita that the election could no longer take place this year because anti-crisis actions had to be undertaken first.
Early December 2008 there were negotiations between BYuT and Party of Regions to form a coalition but after Volodymyr Lytvyn was elected Chairman of the Verkhovna Rada (parliament of Ukraine) 9 December 2008 he announced the creation of a coalition between his Lytvyn Bloc, BYuT and OU-PSD. After negotiations the three parties officially signed the coalition agreement on 16 December. It is unsure if this coalition will stop the snap election although Speaker Volodymyr Lytvyn predicts the Verkhovna Rada will work until 2012.
Read more about this topic: 2008 Ukrainian Political Crisis
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“When you give power to an executive you do not know who will be filling that position when the time of crisis comes.”
—Ernest Hemingway (1899–1961)