The decision was announced on Friday after a two-day UEFA
executive meeting in Nyon, which also issued a statement urging FIFA to
implement reforms within three months in the wake of its current corruption
crisis.
UEFA fixed the total prize money for the 16 finalists at the
European championships at 196.0 million euros ($281.55 million), compared to
184 million for Euro 2008.
Each of the 16 finalists will pocket 8.0 million euros for
reaching the championship, with 1.0 million euros on offer for a win in the
group stage and 500, 000 euros for a group stage draw.
Victory in the quarterfinals will be worth 2.0 million
euros, a semifinal victory will add another 3.0 million euros to their pot, while
the team winning the final will land another 7.5 million euro. The runner-up
will collect 4.5 million euros.
UEFA have also decided to give a 1.0 million euro bonus to
the team finishing third in the group.
"This will act as an incentive if the top two
qualifying places are already decided." a spokesman said.
UEFA also urged world governing body FIFA to implement its
promised reforms by September after the worst crisis FIFA president Sepp
Blatter has faced in his 13-year presidency.
With FIFA executive committee members Mohamed Bin Hammam and
Jack Warner currently suspended over allegations of bribery and a third FIFA
exco member Chuck Blazer being questioned by FIFA's ethics committee, Blatter
has promised to clean up FIFA's image.
He has invited AMerican statesman Henry Kissinger and opera
singer Placido Domingo on to a new committee, but UEFA's executive wants to see
some positive action taken in Zurich.
In a statement UEFA said: "The Executive Committee
takes good note of the will of FIFA to take concrete and efficient measures
with regards to good governance, and expects to see results within the next
three months and is following the situation closely." The committee also
decided to award a special official commemorative cap and a medal to players who
reach 100 appearances for their national team.
On
Thursday UEFA announced that the 2013 Champions League final and UEFA Congress
in 2013 would be held in England to mark the 150th anniversary of the English
FA, the world's first football association.
