As noted in earlier posts (here, here) BYuT and Regions may form a grand coalition. The two sides are still considering whether to form one. Yushchenko doesn't like the idea of a grand coalition; he sees it as a threat to his power. He also calls it a threat to democracy and will split the country. BYuT claims that he has written the decrees calling for early presidential and Rada elections. If there is a new coalition, he'll use them. OU-PSD doesn't support joining a broad coalition that includes the two major parties, but this is the pro-presidential faction.
By calling an election, the president is betting on election chaos to keep the two sides away from each other. He also signs his own demise by issuing those decrees; Yushchenko has little chance of winning the presidency. The president would rather go down this road, than see his two rivals gang up on him.
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