CHICAGO (MarketWatch) -- One casualty of Italy's financial meltdown appears to be its bid for the 2020 Olympics as Rome has dropped its attempt to host the quadrennial games, the Associated Press reports. Italian Premier Mario Monti said Tuesday, the day before the deadline for formal submission of Olympic bids, that spending the estimated $12.5 billion it would cost would be an irresponsible way to spend tax dollars, the wire service noted. Still in the running are Tokyo; Madrid; Istanbul; Doha, Qatar; and Baku, Azerbaijan.
From: http://ping.fm/hMhKZ
Tuesday, February 14, 2012
Rome drops bid for 2020 Olympics - MarketWatch
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