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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: