2020 Olympics: Government scuppers Rome’s bid to host

Rome’s bid to host the 2020 Olympics has been scrapped after the prime minister said it would be “irresponsible” given the country’s economic plight.

Mario Monti said the government could not guarantee to finance the cost of the staging the event, estimated at $12.5bn (£8bn; 9.5bn euros).

The decision comes a day before the deadline for cities to submit bids.

Doha, Istanbul, Tokyo, Madrid and Baku are bidding for the event.

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