Rada pushes Yushchenko to sign law transferring UAH 9.8 Billion to EURO 2012

2009/10/6 20:23:23
KYIV, Oct. 6, 2009 (Ukrainian News/UBO) – As matters now stand, Ukraine is set to host the final stage of UEFA’s EURO 2012 football championship series. However, before there can be battle on the pitc
es, the Verkhovna Rada and President have to decide who is really in charge of preparations for EURO 2012 events and how important is holding the final in Kyiv. Currently, the matter is stalemated with the Rada pushing Yushchenko to sign into law a bill obliging the National Bank of Ukraine to transfer UAH 9.8 billion into the national budget for financing preparations for the games. Rada draft 4735-1P was approved with positive votes by 263 parliamentary deputies, a substantial margin over the 226 votes required. The law prescribed that the law be made public by the president within three days. In case the head of state does not divulge the law, Rada Speaker Volodymyr Lytvyn would be entitled to sign the bill. On September 3, the president again vetoed the bill, explaining that disbursement of the UAH 9.8 billion by the NBU would mean greater inflation, a decline in the hryvnia exchange rate, and social tension. The political impasse is being played out against the background of a national economy that is only slowly recovering from global credit problems and the increasing rancor between the president, the parliament and the prime minister as presidential election campaigning becomes more intense. With the European Football Association already having made clear that it will make a definitive decision in December this year about Kyiv keeping its position as host city for the final game of the series, the necessity of an agreement on funding becomes more critical on a daily basis. In the run-up to the presidential election on January 17, 2010, one of the most difficult questions could be, “Who lost EURO 2012?” ###
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