ATHENS, Greece — When it comes to overspending, Greece gets the gold medal. Governments in the Greek capital of Athens haven't balanced a budget in nearly 40 years, and the country narrowly averted bankruptcy in May before panicky European partners grudgingly put up massive rescue loans. While many factors are behind the crippling debt crisis, the 2004 Summer Olympics in Athens has drawn particular attention. If not the sole reason for this nation's financial mess, some point to the games as at least an illustration of what's gone wrong in Greece. Their argument starts with more than a dozen Olympic venues – now vacant, fenced off and patrolled by private security guards.
Greek Financial Crisis: Did 2004 Athens Olympics Spark Problems In Greece?
The Huffington Post News Editors, Huffington Post
Thu, 06/03/2010 - 4:45am
Topics: governments summer olympics stella alfieri alfieri athens olympics deals criticism german siemens ag international olympic committee jacques rogge unfair he the associated press had athens greek olympic put andrew zimbalist sebastian coe britain european union international monetary fund prime minister george papandreou nassos alevras plans ap sports writers graham dunbar stephen wilson raf casert brussels greece over greek athens a european olympic olympics the athens olympic siemens games rogge u.s lausanne switzerland london ap alevras problems budget billion debt told city country money security projects sites deficit contributed economy spending public point venues spent empty venue people set percent costs
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