Tag: Madrid Mayor Anna Botella

• Friday, September 6th 2013 - 01:42 UTC

  Debt-struck Madrid believes its modest budget will end hosting the 2020 Olympics

  

  Debt-struck Madrid is betting its penny-pinching bid to host the Olympics in 2020 will reap rich economic dividends for recession-hit Spain. The Spanish capital is banking on a low-cost 5 billion dollars Olympic bid that relies heavily on existing stadiums to surprise Tokyo and Istanbul when Olympic chiefs make their decision in Buenos Aires on Saturday.