WARSAW, Oct 30 (Reuters) - Poland could stage Euro 2012 with Germany if co-hosts Ukraine have problems with preparations, new Polish FA president Grzegorz Lato said on Thursday.

Lato, elected head of the PZPN earlier in the day, added that Poland was also ready to host the tournament on its own.

''If Ukraine doesn't make it on time then we can organise the tournament together with Germany,'' he told the TVN news channel.

Former Poland forward Lato was appointed after an FA election called to avoid FIFA sanctions and the potential loss of the country's right to co-host Euro 2012 with Ukraine.

Earlier, Polish state news agency PAP quoted a Ukrainian official from the National Agency for Euro 2012 saying the country had stopped about 80 percent of its preparations for hosting the tournament due to an ongoing financial crisis.

After two visits by UEFA president Michel Platini, European soccer's governing body last month upheld the right of Ukraine to keep the tournament subject to strict monitoring.

The German Football Association (DFB) have dismissed a report that appeared in the UK's Daily Telegraph newspaper on Monday claiming they have been approached by UEFA to step in and co-host Euro 2012 with Poland.

According to the report, the 2006 World Cup hosts had been put on standby to rescue the tournament after planning for work on stadium upgrades in Ukraine fell behind schedule.

However, German FA (DFB) president Dr Theo Zwanziger is refusing to jump the gun ahead of a UEFA meeting in Bordeaux at the end of September.

'We are not getting involved in any imaginary games or speculation about the 2012 European Championships,' he told Tuesday's Bild newspaper.

'Should there be any difficulties, then UEFA president (Michel) Platini will make suggestions.'

After staging one of the most successful tournaments in recent years in 2006, Germany has already been tipped as a reserve host for the 2010 World Cup should South Africa have any problems, or suffer a natural disaster, that would prevent them from hosting the event.

The DFB have already distanced themselves from such reports with Zwanziger recently saying Germany is 'fundamentally not ready for the 2010 World Cup' and that they would be 'barking up the wrong tree' in trying to repeat the atmosphere of the 2006 World Cup so soon.