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Money No Problem, Madrid Tells IOC

  • Aired: 1/7/2013
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Synopsis >

Prime Minister Mariano Rajoy assured the International Olympic Committee (IOC) on Saturday (September 7), that Madrid could afford to stage the 2020 Olympics if chosen as the host city, allaying fears that Spain's economic crisis made it a risky proposition. Madrid has long been regarded as the outsider in the three-horse race that includes Tokyo and Istanbul because of the state of the Spanish economy, but Rajoy told a news conference after Madrid's presentation that money was not a problem.

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