Prosperity for Yurtyzstan officially dissolved Thursday evening, leaving the current Assembly without a majority party and prompting a fresh round of negotiations.
The 14-17 February plenary session saw some compromises implemented alongside a bill requiring a referendum on economic changes, angering the far-right Impoverished Yurtyzstanis' Front, led by Vice-Chairman of the Presidium Po Er Kwa Deul. Following the plenary session, a series of brief talks took place between Po and Chairman J.J. Hakimoto, which resulted in no progress. Yesterday Po and Hakimoto both agreed to withdraw from the coalition, making a joint announcement at the Foreign Residence.
The announcement comes not two weeks after Po published a scathing open letter to Hakimoto on monetary policy, and with only two days until Yurtpyitaw Day, a major Yurtyzstani holiday which commemorates the founding of Yurtyzstan's capital.
A bill passed by the Assembly last weekend requires formal negotiations to attempt to form a new majority party; before leaving PfY, Po and Hakimoto agreed to begin those negotiations Saturday. The Constitution gives the Assembly a week to put together a new coalition before snap elections must be held. The IYF supports snap elections, hoping that a large voting base in Sakkara Province will install them as the new majority party.
The three remaining legislators could choose to remain members of the coalition, but the Assembly would still have no majority party with the loss of Po and Hakimoto. It is expected that those legislators will join their respective leaders -- two of the other legislators are aligned with Hakimoto and one is an IYF member -- in this weekend's talks.
