In your interest.
Online Personal Finance Magazine
No beating about the bush.
Greece's federal government had historically been a profligate spender. But the Olympics broke the bank. Government deficits rose every year after 1999, peaking at 7.5% of GDP in 2004, the year of the Olympics, thanks in large part to the €9 billion price tag for the Games. The cost of hosting the Games equalled roughly 5% of the annual GDP of the country.