There is no problem with the financing of a state targeted program of preparations for the Euro 2012 European Football Championship finals, according to Ukrainian Vice Premier Ivan Vasiunyk.
“At the moment we can firmly assert that the financing of a state
targeted program won’t be and is not a problem that could hamper the
process of preparing for Euro 2012,” he said at a press conference in
Kyiv on Monday.
He said a separate algorithm for raising funds through issuing
domestic loan bonds that will fall due until 2012 will be introduced as
of next week. A number of commercial banks will be engaged in the
process, he added. “A special auction will be called next week,” he
said.
The terms of the bond issue will be “somewhat better” both for the government and commercial banks, he added.
As he put it, the government has also developed a separate mechanism
for repairing highways as part of preparations for Euro 2012, the
financing of which will be also handled through some commercial banks.
Vasiunyk also called on future candidates for the presidency soon
not to speculate on the Euro 2012 topic in their election campaigns. He
said this would harm not only all of the participants in the political
process, but also Ukraine in general.
