Ukraine's President Harbours Fears About Hosting Euro 2012

KIEV, Ukraine -- Ukraine President Victor Yushchenko believes acute financial problems caused by the global economic crisis could result in the country failing to co-host Euro 2012 with Poland as planned. "We are halfway through the year and haven't achieved one 11th of what is planned," Yushchenko told the Interfax news agency Wednesday.

Yushchenko accused his country's government of endangering Ukraine's planned chances of hosting Euro 2012 through its economic policies.

"What is there left for us to talk about Euro 2012?" Yushchenko asked of Yulia Tymoshenko's government, citing in particular the slow construction of transport infrastructure.

Only 10 per cent of the planned 239 million euros (333 million dollars) for transport projects in 2009 has so far been allocated and UEFA has repeatedly warned Ukraine about its progress in constructing stadiums, roads and hotels.

Yushchenko expressed his scepticism about whether Ukraine would be able to show UEFA's evaluation committee the necessary progress on November 30th as planned.

Source: DPA