Fox Business: 2024 Olympic Games commence in Paris, but will they make money?

 By SIMON CONSTABLE

FRANCE — The world's finest athletes have arrived in Paris to compete in what will no doubt be a spectacular event. The organizers even made the novel choice of holding the opening ceremony Friday evening via boats along the Seine River rather than a stadium, as has been traditional.

But an important question for everyone in cash-strapped France is whether the Olympic Games will go over budget, leaving epic debts for French taxpayers. It’s not a trivial matter. 

"It’s expensive, and French public finances are not in the best state," says Leo Barincou, a Paris-based senior economist for Oxford Economics. The country’s budget deficit hit 5.5% last year, far beyond the European Union limit of 3%. Read more here.

Paris: Carlos Delgado, CC BY-SA 3.0, via Wikimedia Commons