RealNews

Greece Ready for Olympic Games But Costs Soar

Greece said Wednesday it was now ready to stage the Olympic Games but that years of delays and infighting had pushed up the cost of the huge enterprise beyond all expectations. With only nine days to go before the Aug. 13-29 Games, Greek officials rejoiced at the smooth implementation of their transport and security plans but said costs had forced the country’s 2004 budget deficit way over European Union limits. A 24-hour strike by Athens hotel workers and tourist industry disappointment over poor hotel bookings further dampened enthusiasm for Greece’s last-minute Olympic turnaround. Full Story

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