Athens Olympics Cost More Than Thought
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The total cost of the Athens Olympics may exceed $14.6 billion, according to Greece's 2005 budget submitted to parliament Thursday.
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LIKE a rank outsider, Athens has surprised the pundits by hosting an Olympic Games that has run with the mathematical precision mastered by the ancient Greeks.
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Beijing Olympic organisers want to slash around Â£400m from the costs of hosting the 2008 Games.
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Greek authorities dealt with more than 700 security scares during the Athens Games, including a bomb hoax before the opening ceremony and a propane leak at a luxury hotel that was hosting hundreds of representatives from major Olympic sponsors.
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The Athens Olympics will cost a total of almost 10 billion euros ($12.1 billion), more than double the original target, pushing Greece&#39;s budget gap well above EU limits, finance ministry sources said on Wednesday.
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Tens of millions of dollars pouring into Olympic bid campaigns. PR companies, lobbyists and spin doctors working frantically. Rumors of dirty tricks swirling behind the scenes.
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ATHENS -- No Greek has pushed harder, or stands to win more, from these Olympic Games than the woman who organized them. And when the Olympic flame goes out in the Olympic Stadium tonight, Gianna Angelopoulos-Daskalaki will turn her formidable energy and organizational might to closing the books on the $9 billion-plus Games -- and perhaps, to the goal many ...
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Athens is slowly warming to the idea of hosting the Paralympics after at first trying to get out of staging the event. Soon after Sydney had hosted the 2000 Olympics and Paralympics, the Athens 2004 organising
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Hosting the 2004 Olympics cost Greece 9bn euros, twice the original estimate, the country's finance minister says.
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The Beijing Olympics should still make a profit despite a 30 percent rise in costs since the Chinese capital won the right to host the Games in 2001, according to a senior adviser to the organizers.
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Economic size wields major influence over how well a nation does at the Olympics.
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The uncertainly over a budget for London's 2012 Olympic Games is a threat to its success, a report warns.
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ATHENS, Greece - Costs for the Athens Olympics are climbing again, expected to top $8.5 billion because of the massive security and overruns in the last-minute scramble to get venues ready.
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Greece said the government will spend 7.2 billion euros ($9.3 billion) on the Athens Olympics, 56 percent more than the initial budget, as construction delays and security for the first Summer Games since the Sept.
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ATHENS -- The bill arrived for the Athens Olympics yesterday -- about $11.6 billion, and it might climb higher.
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Latest estimates of the costs of hosting the Athens Olympics put them at up to $10bn - a huge amount for a small country like Greece, once the poorest in the EU.
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The total cost of the Athens Olympics may exceed &#36;14.6 billion, according to Greece's 2005 budget submitted to parliament Thursday.