New coalition in Ukraine after months of deadlock

KIEV, Ukraine (AP) -- Ukraine's new Parliament speaker says lawmakers have created a three-party governing coalition, ending months of deadlock amid a severe financial crisis.

The new coalition puts back together the fractured alliance of President Viktor Yushchenko and his rival, Prime Minister Yulia Tymoshenko, plus a smaller party.

The move ends more than three months of political infighting that came with Ukraine facing a financial meltdown caused by the global credit crunch.

The announcement was made by Volodymyr Lytvyn, the shrewd former Parliament speaker who played an important role during the 2004 Orange Revolution.

He was re-elected as speaker Tuesday evening.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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