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International Business Times
International Business Times
Business
Damien Gaudissart, Deborah Claude and Cyril Touaux

France Makes Multibillion-euro Gamble On Olympic Gold

France Olympics Paris Paris Olympics IOC
According to the Centre for Law and Economy of Sport, the Olympic Games will produce between 6.7 billion and 11.1 billion euros in economic benefits for the Paris region (Credit: AFP)

France is facing a bill of almost nine billion euros for hosting the Paris Olympics but top officials say the financial fallout could be more "psychological" than economic.

Ahead of the July 26 opening of the Games, ministers and financial observers are juggling the figures to estimate the costs and benefits of the sporting spectacle.

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