Poland is ready to replace Ukraine with Germany for Euro-2012

'Germany could join it (the plan to organise Euro 2012),' Lato told Polish television when asked him what could happen should Ukraine be unable to honour their original commitment.

Earlier on Thursday, Ukraine Euro 2012 tournament organiser Evgeny Villinsky said financial problems had meant Ukraine's preparations to host the tournament hade come to a halt.

Mr Villinsky added, according to the Interfax-Ukraine news agency, that the world-wide financial crisis and ill-advised management were the reasons for the stopping of work to prepare for the tournament.