PROSPEROUS ARMENIA PARTY REFUSES TO BE IN COALITION GOVERNMENT

Xinhua General News Service
May 24, 2012 Thursday 7:10 AM EST
China

The Prosperous Armenia Party, which came second in parliamentary
elections on May 6, announced on Thursday that it would not form a
coalition government with the ruling Republican Party of Armenia led
by President Serzh Sargsian.

Prosperous Armenia, a coalition partner with the Republicans since
2007, said it is pulling out all of its ministers and other officials
from the government.

The Republicans won the parliamentary elections with 44 percent of
the vote, while the Prosperous Armenia received 30.2 percent.

Three other parties and one opposition bloc also won seats in the
National Assembly.

The Communist Party and the opposition Armenian National Congress
have refused to recognize the official results of the elections and
claimed electoral fraud.

Local analysts believe the new government will face difficult tasks
as it will have to deal with the country’s crumbling economy and huge
foreign debts.

The new National Assembly will hold its first session on May 31. A
new government is expected to be formed shortly after that.

From: Emil Lazarian | Ararat NewsPress