"Tightening" Olympics

Within the response to the strike of workers of various industries constantly, outside the face of a weak trend of the European economy as a whole, the British Government have not fared well.

In 2005, the British Olympic Committee, the Olympic budget is ? 2.4 billion. More than six years have passed, the budget figure has been increased to ? 9.298 billion, ? 527 million in emergency budget reserve for a rainy day. Among them, the opening ceremony of the budget has doubled to 80 million pounds; security costs are also added nearly 30 million pounds. End of February this year, the British Olympic Minister Robertson said he does not exceed a budget of 92.98 billion pounds in the 2012 London Olympic Games increasingly are confident.

However, the confidence of the Minister apparently did not resolve the concerns of the people. The debt crisis in Europe continue to simmer under the influence of "teeth" did not join the European Union, the United Kingdom and can not be immune. After all, the London Olympic Games from the outset faced with the dilemma of lack of funds. Developer funding of the European debt crisis in the London Olympics two major infrastructure projects - budget of ? 1 billion Olympic Village and ? 400 million media center - once a long time can not be in place. In order to save money, London or even cancel the construction plans of the four temporary venues. An obvious example is the 2009 London Olympics provider Nortel Networks Corporation (Nortel), a sponsor of bankruptcy and exit, so that the Organizing Committee to the loss of approximately ? 40 million sponsorship.

British National Bureau of Statistics data show that the second quarter of 2011 by the European and American debt crisis, the British economic growth rate dropped sharply to 0.1%, the edge of the brink of recession. Growth in the third quarter of 2011 than pessimism, but from June to August, the unemployment rate rose to 8.1 percent of unemployed persons increased by 11.4 million. Three months from December last year to February this year, the number of unemployed to 2.65 million, the unemployment rate was 8.3% in another 16 years to a new high.

The end of November 2011, the United Kingdom more than 20 trade union organizations held a Joint strike, the number of participants reached 200 million, the largest strike action which the United Kingdom since 1979.

The British National Economic and Social Research Institute's recent report shows that even if the euro area been able to find the European debt crisis solutions, the British economy nearly 50% chance of a relapse into recession. If the euro area policy-makers just muddle through the crisis, the British economy back into recession probability will be increased to 70%.

According to British "Daily Telegraph" reported that the British government cabinet minister responsible for the London Olympics Affairs Teresa Jowell said: "If I had anticipated the current economic downturn, I'm sure that will certainly be some people opposed to a large number of public expenditure into such a project like the Olympic Games. "

Downturn in the overall economic environment situation under funding of the United Kingdom, including shooting, volleyball and water polo, including some of the Olympic and Paralympic sports teams have been drastically reduced, up to 50% or more, while four of the disability movement Team funding has shrunk dramatically.

The most typical is the Sydney Olympics who the British delegation to win a gold medal in shooting. Funding of ? 5.5 million four years ago they prepare for the Beijing Olympic Games, while preparing for the funding of the Olympic Games held in front of his house was cut to 1.2 million pounds.

A serious shortage of funds may result in individual sports teams can not adhere to the training to the opening of the 2012 London Olympics. Some British fears that the London Olympics may appear that the UK can not participate in the embarrassing situation of all the Olympic Games.


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