The Olympics

The Olympics

Text

News, information and stories about the Olympic Games.

Sunday, 12 September 2004

Cuts

The $12BN cost of hosting the Athens Olympics, has put a very large hole in Greece's public finances.



It is reported that, in order to "shore those finances up", the Greek government will be cutting defence expenditure by $0.6BN; and selling off certain nationalised industries.



The first lined up for privatisation is the postal saving bank; and, appropriately enough, Olympic Airlines.



No comments:

Post a Comment