In 2004 the Olympics were brought back to their home town, with Athens, Greece. One can only imagine the pressure Athens was under with expectations from the whole world you better believe they would go all out. Greece spent 12 million US dollars on the 2004 Olympic Games, the largest amount of money spent since 1984. Not only did Greece exceed their budget, but they doubled it. Greece was late to invest in Olympic facilities and the gymnasiums were not invested in till 2000. This late start led to a hefty cost. Greece's enormous amount of expenses left them in a great deal of debts, which amounted to 3% of it's total GDP.
Information:
http://nccuir.lib.nccu.edu.tw/bitstream/140.119/37406/8/803008.pdf
Photo:
http://shewolfgreece.files.wordpress.com/2009/07/opening_ceremony_athens_2004_fire_t.jpg
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