You're reading: Pravda.ru: Euro-2012 championship to cause $8 billion of losses to Ukraine

The European Soccer Championship to be held in Poland and Ukraine is only four months away. However, Ukraine is no longer excited about the long-awaited sports event. Experts estimate that, instead of profits and stimulation of the economy, it would bring the country a loss of eight billion dollars. Ukraine along with Poland won the right to host the continental soccer championship in 2007, but the joy was short-lived. Very soon serious concerns emerged that the country will not have time to build the necessary infrastructure for the championship. Read the story here.