The Straits Times
Published on Oct 30, 2012

Spain needs the Games more than ever: Olympics bid chief


PARIS (AFP) - Madrid winning the right to host the 2020 Olympic Summer Games would deliver just the boost that is needed as Spain battles against a gruelling recession, the bid leader Alejandro Blanco told AFP in an interview.

The 62-year-old, president of the Spanish National Olympic Committee, said in reply to those who query whether Madrid has the financial power to host the Games it was actually a very good reason to give Spain the Games for the second time in their history - Barcelona having hosted them successfully in 1992.

"The socio-economic situation in the country is a very good reason for investing and creating jobs and wealth to get the economy going again," said Mr Blanco.

"You also have to remember that the global economy has been so unstable that it's only now that we can see exactly where we are. But what's going to happen in 2020?"