On February 14 this year, Italian Prime Minister Mario Monti pulled the plug on Rome’s bid for the 2020 Olympics. “The government doesn't feel that it would be a responsible gesture, taking into consideration Italy's current financial state”, he said. “If we find ourselves today in such a difficult financial position it is because similar decisions were made by previous governments without having considered the resulting impact in the following years.” But despite Spain’s dire economic problems, Madrid has pushed ahead with its own bid. According to La Razón, Madrid’s bid for the 2012 Olympics cost €60 million. The bid for the 2016 games cost €44 million. This time the process will … [Read more...] about Madrid’s Olympic bid: third time lucky?