Italy says no to Rome’s 2020 Olympic bid

It was just announced by Italy’s Premier Mario Monti, that the Italian Government will not support the city of Rome’s bid for the 2020 Olympic Games – and for good reason. You may have noticed that the country is sort of in the midst of a little financial crisis! And with the bid estimated to set Italy back approximately €12.5 billion, the decision is obviously being hailed by many economists

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