Back
24 Feb 2014
Flash: Ukraine leads EM risks to fresh highs over the weekend - Danske Bank
FXStreet (Barcelona) - Jens Nærvig Pedersen, Analyst at Danske Bank notes that risks related to emerging markets reached new highs over the weekend.
Key Quotes
“The tensions in Ukraine remain the centre of attention following an eventful weekend. Friday’s deal, brokered by EU-representatives, to hold early presidential elections, form a national unity government and revert to the 2004 constitution did not manage to calm down the demonstrators in Kiev.”
“The demonstrators refused to accept the deal and called for president Viktor Yanukovich to step down immediately. The Ukraine parliament voted to oust president Yanukovich but he refused to accept the parliament’s ruling and claims that there has been a coup against him. The parliament also voted to hold presidential elections on 25 May and parliament speaker Oleksandr Turchynov (a close associate to Yulia Tymoshenko) is currently acting as interim president.”
“Furthermore, the Ukrainian parliament over the weekend voted to change a law to allow to release from prison former prime minister Yulia Tymoshenko. Tymoshenko was released from prison Saturday and joined the opposition in Kiev.”
Key Quotes
“The tensions in Ukraine remain the centre of attention following an eventful weekend. Friday’s deal, brokered by EU-representatives, to hold early presidential elections, form a national unity government and revert to the 2004 constitution did not manage to calm down the demonstrators in Kiev.”
“The demonstrators refused to accept the deal and called for president Viktor Yanukovich to step down immediately. The Ukraine parliament voted to oust president Yanukovich but he refused to accept the parliament’s ruling and claims that there has been a coup against him. The parliament also voted to hold presidential elections on 25 May and parliament speaker Oleksandr Turchynov (a close associate to Yulia Tymoshenko) is currently acting as interim president.”
“Furthermore, the Ukrainian parliament over the weekend voted to change a law to allow to release from prison former prime minister Yulia Tymoshenko. Tymoshenko was released from prison Saturday and joined the opposition in Kiev.”