France makes multibillion-euro gamble on Olympic gold

PARIS: France faces a bill of almost nine billion euros to host the Paris Olympics, but top officials say the financial fallout could be more “psychological” than economic. Ahead of the opening of the Games on July 26, ministers and financial observers are juggling the numbers to assess the costs and benefits of the sporting spectacle. So far, French authorities are predicting a cost of nearly nine billion euros ($9.5 billion) for the Paris Games, although it will take time to confirm the official figure. Costs are always difficult to predict or confirm.

Leave a Comment