15 replies to this topic

[Olympic Fan Darcy]

Apparently increased chances that Spain might follow the same way as Greece i just saw on news if anyone has a link please post, what do you think this will do to this bid?

[Mariote]

Spain will not need a bailout, the European Commission has reasserted today. Spain isnt Greece!

The bid is sure. Dont Worry.

[Mariote]

ECB board member Benoit Cœuré has also defended Spain this morning. Speaking in Paris, he described the political will to push reforms through as "enormous" and praised the country's "strong" deficit fighting measures. He added:
Spain shows the markets remain nervous [...] Yet if you look at Spanish fundamentals, there is no reason why the situation shouldn’t normalise.

Spain isn't sick and we're all exaggerating - that's according to French government spokeswoman Valerie Pecresse, who told Reuters that "fears being expressed today about the economic health of Spain are excessive."


Spain will not need a bailout, the European Commission has reasserted today.
EC Spokesman Olivier Bailly added that the Commission would not be able to gauge Spain's efforts to consolidate its public finances until authorities had provided it with "the full pictures of the plan." He said:
The figures we received from Madrid just covered the efforts made by the central government. The obligation that Spain has vis-a-vis the other members and the Commission is to meet the 5.3 percent deficit for the whole budget of Spain.

now...

* ECB board member Benoit Cœuré has also defended Spain this morning. Speaking in Paris, he described the political will to push reforms through as "enormous" and praised the country's "strong" deficit fighting measures. He added:
Spain shows the markets remain nervous [...] Yet if you look at Spanish fundamentals, there is no reason why the situation shouldn’t normalise.


* Spain isn't sick and we're all exaggerating - that's according to French government spokeswoman Valerie Pecresse, who told Reuters that "fears being expressed today about the economic health of Spain are excessive."


* Spain will not need a bailout, the European Commission has reasserted today.
EC Spokesman Olivier Bailly added that the Commission would not be able to gauge Spain's efforts to consolidate its public finances until authorities had provided it with "the full pictures of the plan." He said:
The figures we received from Madrid just covered the efforts made by the central government. The obligation that Spain has vis-a-vis the other members and the Commission is to meet the 5.3 percent deficit for the whole budget of Spain.

[Ikarus360]

Even if Spain isn't Greece, their economic situation is still precarious, and IMO I think they have more serious things to worry about than hosting the olympics...

[Soaring]

Still, some people aren't too concerned about the Spanish economy...

Casino tycoon Sheldon Adelson plans $35 billion 'mini-Las Vegas' in Spain

By Reuters

MACAU -- Billionaire Sheldon Adelson said on Wednesday he plans to spend $35 billion on a mini-Las Vegas strip in Spain where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex.

Adelson, chairman and CEO of Las Vegas Sands Corp, was speaking at a press conference ahead of the opening of his new $4 billion casino property in Macau, the world's largest casino destination.
"We are looking at 12 integrated resorts, 3,000 rooms each. A mini Las Vegas, about half the size of the Las Vegas strip in Spain for the European market," said Adelson, one of the world's richest men worth an estimated $25 billion according to Forbes.

Each building would cost between $2.5 and $3 billion and the company would target customers from Western and Eastern Europe in addition to the former Soviet bloc.

Adelson did not address the debt crisis that has gripped Europe, but he has said that the complex in Spain would be a five to 10-year project, by which time he expected demand to have picked up significantly.


Full Article

[munichfan]

Even if Spain isn't Greece, their economic situation is still precarious, and IMO I think they have more serious things to worry about than hosting the olympics...

Yes, of course, Italy bids and is even seen as a favourite, people are encouraging Paris to bid which is not really in better economical state than Spain, but if Madrid with more than 80% of infrastructure yet completed bids, it's a problem of economy???

[intoronto]

Yes, of course, Italy bids and is even seen as a favourite, people are encouraging Paris to bid which is not really in better economical state than Spain, but if Madrid with more than 80% of infrastructure yet completed bids, it's a problem of economy???

Yes, of course, Italy bids and is even seen as a favourite, people are encouraging Paris to bid which is not really in better economical state than Spain, but if Madrid with more than 80% of infrastructure yet completed bids, it's a problem of economy???

+ Security + Overlay + ETC..

[Ikarus360]

^^ Yeah, and we all know how the Italy bid ended up. And I guess Paris is still butthurt after they got owned in 2005 by London, so don't expect a bid of them very soon.

[Olympic Fan Darcy]

^^ Yeah, and we all know how the Italy bid ended up. And I guess Paris is still butthurt after they got owned in 2005 by London, so don't expect a bid of them very soon.

They might go for 2024 and think they have the edge because they had 1924 although that didnt work out for athens (given they're bid was poorly set out apparently) But i'm sure if a european city wins 2020 they're gone cause africa and usa are waiting

Although Madrids already got 80% of infrastructure i doubt they'll get the bid as they are having a more simpler bid as they said somewhere i think it was when they announced the logo. The news report was sayign their was increased chances they need bailout or something not default but help and they are a much much bigger nation then Greece when that happened stocks fell

[Sir Rols]

Okay, I'll make my first call of the campaign. The Spaniards won't like it, but Madrid's dead in the water.

And it's not so much their own economy (though it seems there still hangs the question mark over them), but the Greeks have stuffed their chances. Just about every second article about the Greek collapse since the whole financial rigmarole started brings up the magic words "2004 Olympics" - even Rogge's weighed in. I'm pretty confident in predicting now that they'd be well aware that choosing Madrid at this time, with a cloud still hovering over their financial prospects, is sending pretty well the exact wrong message to the world.

And Rome didn't do them any favors either ... Big admission that a bid's not a responsible thing to chase in such a climate.

It'd take a remarkable turnaround in their perceived economic situation to turn that handicap around now.

I've no doubt they'll make the short list - can't deny they're well equipped in so many ways - but after that, they've already signalled they'll be doing a more austere campaign. That might be the responsible thing to do, but it's also a constant reminder of their economic troubles. It's a constant subtle negative vibe. And as our GMod has said, if your telling the IOC you're not prepared to commit all resources to a bid, why should they think you're reliable then to commit full resources to what is needed for a great games?

Not to mention it puts 2024 in frame for an all Euro death match. With the posibility of South Africa waiting to tough it out at the end with the last standing European!


It's Tokyo FTW, with Istanbul about the only likely dark horse.

Edited by Sir Rols, 12 April 2012 - 04:20 AM.