The Olympics

The Olympics

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News, information and stories about the Olympic Games in Athens 2004 and the Olympics in general up until 2007.

Sunday, September 12, 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.

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