The 450-seat Ukrainian parliament approved appointing Yatsenyuk as prime minister by a vote of 371 to 1.
Yatsenyuk served as Minister of the Economy in 2005 and 2006.He was also deputy-governor and later head of the Central Bank. He headed talks for Ukrainian membership in the World Trade Organization and also is head of the Ukraine-European Union commission. Yatsenyuk wants European Union membership and also a visa-free relationship with EU countries. While he is in favor of austerity policies, unlike many
he does not favor privatization of state assets. He may be over-ruled on this by the IMF. Yatsenyuk also opposes Ukrainian participation in peace-keeping operations abroad. While there are
elections to be held in May the country is operating under the 2004 constitution: Under the restored 2004 constitution, executive power will rest largely in his hands, regardless of who wins the presidential election that is planned to be held in May.
Yatsenyuk has promised to implement "very unpopular measures" as means of stabilizing the country's finances. He said: “The treasury is empty. We will do everything not to default. If we get the financial support from the IMF, the U.S., we will do it. I’m going to be the most unpopular prime minister in the history of my country. But this is the only solution. I would never promise any kind of huge achievements. First and the most important issue is to stabilize the situation.”
Signorelli commented on his remarks: "Yatsenyuk was saying that what the Greeks did to themselves we are going to do ourselves,He wants to follow the Greek economic model. Who the hell wants to follow that?”