Greek debt spirals after Olympics
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The soaring cost of the 2004 Olympic Games looks set to drive Greece deep into debt, its prime minister warns.
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The Athens Olympics will cost a total of almost 10 billion euros (&#36;12.09 billion), more than double the original target, pushing Greece's budget gap well above EU limits, finance ministry sources said on Wednesday.
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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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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 tried to pass the Olympics baton off to Beijing on Sunday night, but it was a tough job. The Chinese are way ahead of the curve already.
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The International Olympic Committee this week is set to review progress of upcoming Olympics including the London 2012 Games amid reports in British media their cost was spiraling.
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ATHENS, Greece -- Capping its sports-hosting triumph, Greece ended the XXVIII Olympiad with a festive splash of ethnic folklore, music and dancing.
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THE Athens Summer Olympic Games cost host country Greece nearly 9 billion euros ($15.23 billion), Greek Finance Minister George Alogoskoufis said today, citing definitive figures.
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It will be the Beijing Olympics before US National Basketball Association stars have another chance to reclaim global supremacy after losing Friday to Greece at the World Basketball Championship.
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On the morning after the night before, Athens woke up to a massive Olympian hangover. The city was tired - physically exhausted, emotionally spent.
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Sport finally took center stage at the  Olympics on Thursday after almost a week of headlines dominated  by a drug-testing drama that tarnished Greece's image.
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ATHENS A day after Greece escaped censure by euro zone partners over figures it used to join the currency, Athens said Wednesday that the EU had granted the country an extra year, until 2006, to reduce its public deficit.
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The 2012 London Olympics faced fresh financial concerns on Tuesday after reports that a slump in land prices could leave a one billion pounds "black hole" in the budget.
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The 2012 London Olympics faced fresh financial concerns on Tuesday after reports that a slump in land prices could leave a 1 billion pounds ($2 billion) "black hole" in the budget.
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The Athens Olympics will cost a total of  almost 10 billion euros ($12.09 billion), more than double the  original target, pushing Greece's budget gap well above EU  limits, finance ministry sources said on Wednesday.
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By MATT MOORE    ATHENS, Greece  -- Amid the roar of the crowd, the silence of the phones can be deafening. As thousands of athletes, spectators, journalists, officials and more descend on the Greek capital ahead of the Aug...
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Greece admitted yesterday that the budget figures it used to gain entry to the euro three years ago were fudged. The Finance Minister, George Alogoskoufis, said