Greece Spent 8.5 Billion Euros for Olympic Games, Ministry Says

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Greece spent 8.5 billion euros ($10.9 billion), less than previously reported, to host the Olympic Games in 2004, the year its budget deficit jumped, according to a faxed statement by the finance ministry today.

The games, the most expensive ever, cost Greece about 10 billion euros, Greece’s former finance minister George Alogoskoufis had said Oct. 2005.