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Thread: UK regrets bidding for the 2012 Olympic Games
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[quote=CRYSTALRING,336711] British Olympics Minister Tessa Jowell has recently admitted that London wouldn’t have bid for the 2012 Olympic Games if they had predicted the economic downturn. Initially, the budget for the games was already tight. Now, the games’ organizers are facing mounting pressures to squeeze the budget in the global financial recession. The motivation for London to host the 2012 Olympics was to rejuvenate “ East End” and boost the country’s economy at large. Right now, it seems that it is a wrong step London has taken. The Games are burdening London. Londoners are caring about jobs and homes but not gold medals. No Beijing extravaganza, London admitted that 2012 Olympics will be a "austerity games".[/quote]
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