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The article states that greek debt is $349 billion and that the Olympics totaled around $7 billion. The premise of this article is flawed.
by seizethecheese 11y ago
The article states that greek debt is $349 billion and that the Olympics totaled around $7 billion. The premise of this article is flawed.
- xchaotic 11y agoTotally agree with this. The Greek culture goes way back and perhaps the original Olympic games in 776 BC is a better starting point to understand the context. Greece should have never been allowed in Euro zone - it was forced in part through politics, part through accounting cheating and now is the aftermath.
- caminante 11y agoAgreed. Also, the author's sub-headline asks whether to blame the IOC then points how the olympics costing doesn't include incremental infrastructure projects -- which likely would've happened without the olympics, just not as fast, as is the case with most olympics[1]. From what I remember, Athens was one of the best executed, efficient olympics ever. Unfortunately, attendance was low as the timing of the Iraq War made travel undesirable. [1]https://en.wikipedia.org/wiki/2004_Summer_Olympics#Costs https://en.wikipedia.org/wiki/2004_Summer_Olympics#Costs