Law on Euro-2012 in violation of accepted procedure and leads to a drop in living standards

Ukrainian President Viktor Yushchenko appealed to the Constitutional Court (CC) for a decision on the constitutionality of certain provisions of several laws regarding the financing of the National Bank of Ukraine (NBU) preparations for the finals of the 2012 European Cup, is reported on the Web site of the head state.

According to the text by the President tothe Constitutional Court, Parliament adopted amendments to the state budget and the law on National Bank provides advance funding by the central bank budget and will require implementation of additional emissions that lead to accelerating inflation and the disruption of the hryvnia exchange rate.

Implementation of the NBU more, does not guarantee the issue, and will lead to a fall in living standards, and therefore violate the Constitution, on which Ukraine is a social state, - emphasized in the presentation.

As reported, the law on the financing of training for Euro 2012 came into force on 15 October: the law was signed by the head of the parliament and published in the official press.

Regulations statute provides for the transfer of National Bank in the state budget within three days from the date of its entry into force of not less than 3.4 billion UAH. Another 3.4 billion UAH to be listed NBU to 20 October and 3 billion UAH - until December 10.

The Death of Head of State also indicated that the adopted law on the financing of Euro-2012 provides for the delegation of the Cabinet of Ministers of the powers of the parliament, which relate to determining the volume and direction of public expenditure. According to the president, these provisions of the law as unconstitutional.

In addition, the submission stated that the law on the financing of Euro 2012 adopted and entered into force in violation of the constitutional procedure: in the process of overcoming a presidential veto parliament amended the text of the law, that no provision for regulations.

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