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Still, the IMF package may tilt the balance in the government's favour during any political showdown.
The Yanukovych decision brought veiled warnings from Brussels and from Washington of non-support for the IMF package.
FINANCIAL MARKETS The Brazilian real gained 6% in two days after a new IMF package was agreed on March 8th.
It is possible that the government will have to ask Parliament for more money for an International Monetary Fund (IMF) package to help euro-zone countries.
He points to the removal of conditions related to land reform from the IMF package in Ukraine because, though useful, they were not essential for macroeconomic stabilisation.
If so, goes the argument, brighter prospects in Asia and an IMF package to rescue Brazil should push share prices back up where they were.
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The conservative opposition voted against the EU-IMF package, although it has backed some individual measures.
In particular the finance minister's job, which means overseeing a new EU-IMF package of painful reforms, is a poisoned chalice.
The combined EU-IMF package is a substantial one but few imagine that it will be a one-off: on Sunday Reuters news agency quoted a Greek official as saying the country is likely to need a total €80 billion of loans over three years.
The country got an initial EU-IMF package worth 110bn euros (£89bn; $138bn) in 2010, then a follow-up this year worth 130bn euros.
The IMF-led package of $4.6bn was finally agreed on 19 November, with the IMF loaning $2.1bn and another $2.5bn of loans and currency swaps from Norway, Sweden, Finland and Denmark.
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