Pheu Thai Party leader, Cholnan Srikaew, centre, deputy leader Phumtham Wechayachai, left, and secretary-general Prasert Chanthararuangthong announced withdraw from the Move Forward Party-led coalition on July 2. (Photo: Wichan Charoenkiatpakul)The Pheu Thai Party, now leading the formation of a new coalition government, has admitted the mission represents a major political crisis which the party is trying its best to overcome. The crisis stems from the time limit of the government's formation, legal limits associated with the constitution, the country's problematic governing structure and persistent conflicts among different groups, said Pheu Thai deputy leader Phumtham Wechayachai on Saturday. Under the circumstances, Pheu Thai is now committed to implementing those policies promised to voters in the May 14 election for the betterment of the country while leading the new government, he said. And as Pheu Thai is working on a rather realistic yet gentle approach to defusing the political crisis, it calls for more cooperation from all sides concerned and hopes for the best, he said.