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 impact could be more “psychological” than economic. Ministers and financial observers are crunching the numbers ahead of the July 26 opening to assess the costs and benefits of the sporting spectacle. So far, French officials have predicted the Paris Games will cost almost nine billion euros ($9.5 billion), although it will take time to confirm official figures. Costs are always difficult to predict and confirm.

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