Ukraine doesn't need UAH 10 billion to finance the program of preparing for the Euro 2012 European Football Championship by the end of the year, Vice Premier Ivan Vasiunyk has said.
“Ukraine doesn’t need financial phantoms. Ukraine doesn’t need UAH 10 billion to finance the program of preparing for the Euro 2012 European Football Championship by the end of the year, which… could ruin the financial stability in the country, the hryvnia’s stability,” he told journalists while visiting the Olympiysky National Sports Complex in Kyiv on Thursday.
According to Vasiunyk, UAH 2 billion is needed by the end of the year to finance the preparations for the Euro 2012 finals.
Vasiunyk said that the funds could be received through “a realistic non-emission scheme of financing.” He said that the scheme had been developed and the first UAH 380 million was received after the first auction of government domestic loan bonds to commercial banks.
