Today I heard about some companies in Poland that have declared bankruptcy . I found a relevant article about it:
"Even as the Euro 2012 soccer championships kick off Friday, it’s already clear there will be big losers in host countries Poland and Ukraine.
The first former Soviet-bloc nations to host the quadrennial tournament have spent almost $39 billion getting ready, including $25 billion in Poland and $14 billion in Ukraine. Besides accommodating an expected 1 million soccer fans, the two countries are betting that new stadiums, roads, and other infrastructure will help give a nice boost to their economies and local companies.
So far, it hasn’t worked out that way. Three of Poland’s biggest construction companies have declared bankruptcy in recent weeks after running up hundreds of millions in losses on Euro 2012 projects."http://www.businessweek.com/articles/20 ... ccer-hosts
That reminded me the economic situation in Greece after Olympic games 2004, an event that had cost Greece a HUGE amount of money for constructing new buildings etc. and was one of the biggest reasons Greece ended with a huge debt after a few years.
It seems that it is too costly to host a big athletic event nowdays, especially if the country doesn't have the facilities to host it already built (or have a lot of funds (Qatar comes in mind) to support it).
"You can live to be a hundred if you give up all the things that make you want to live to be a hundred."