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President Yushchenko admits troubles for Euro 2012

24/6/2009

Sensationally, President Yushchenko has admitted that Ukraine's chances of hosting Euro 2012 are becoming bleak.

Ukraine has been hit hard by the global recession and delays caused by lack of financial backing has put the country on edge of losing the honour of co-hosting the games alongside Poland. The developments are lagging far behind the requirements set out by UEFA.

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The 14th UEFA European Football Championship will be held between the 8th June and the 1st of July in Poland and Ukraine. The decision for the two countries to jointly host the biggest competition in European football was made in Cardiff, Wales by UEFA on the 18th of April 2007 - Croatia and Italy were not successful in their bids to host the Euro 2012 football competition. Euro 2012 is set to be the last competition to have 16 nations participate - in Euro 2016 it is set to expand to 24 competing nations. The current holders of the cup from Euro 2008 is Spain, who also won the World Cup 2010 in South Africa.