Thursday, May 12, 2011

When in debt, best get onto the starting grid

Gloriously inappropriate stuff from the Greeks. There they are in the midst of the crisis. Pensioners are having their taxes sent to SAthens to prop up their welfare state and lo and behold the Greek government decide to spend some of Germany's hard earned cash, on a, Formula 1 track.
The project has an estimated cost of 94 million euros ($135 million) and will be partly subsidised by the Greek state.

The track, designed to accommodate Formula One races as well as motorbike and cart events, will be built near the town of Farres, some 20 kilometres (12 miles) southeast of Patras.
Austerity all round.

I am sure Hockenheim and Nuremburg will be delighted


A. Chrichton said...

I don't see why you think a partially subsidised sports arena thing is such a bad idea in a country suffering from financial difficulty. Sporting arenas can bring in large amounts of revenue (and paying punters who buy stuff and inject cash into a country or location) for a place. It worked a treat in Manchester after the Commonwealth games.

You really don't seem to have much understanding of economics.

Anonymous said...

Tear down the debt - Let's cut the Marzipan:

Anonymous said...

Going to a casino might also bring in large amounts of revenue, doesn't mean it's a good idea.