Euro 2016 - Poverty of ambition

According to the BBC, Scotland and Wales have now ditched plans for a joint bid to host Euro 2016 because of the global economic crisis.

Deputy first minister and minister for economy and transport Ieuan Wyn Jones said the money required was excessive. "The cost of bringing other venues up to this standard would run into tens of millions of pounds," he said. "In the current economic and financial climate, this is unaffordable."

There are a number issues with this statement:

(a) the European Championship isn't until 2016 - does the Assembly Government now think the recession will last another seven years?

(b) one of the main reasons for abandoning the bid is that "Both countries would have had to spend many millions upgrading and building new stadia for the tournament". However, I was under the impression that the main thrust of government interventions with the recession was to bring forward capital projects for local construction workers.

(c) major sporting events are a massive moneyspinner for the host country in terms of tourism. Does the Assembly now think that this is not the case?

So much for an Assembly Government that wants to punch above its weight.

Of course, we will never know whether this decision was down to overcautious civil servants or just a dearth of ambition from our politicians.

Popular posts from this blog

THE IMPORTANCE OF FRANCHISING

THE IMPORTANT IMPACT OF STARTUPS ON THE WELSH ECONOMY

UNIVERSITIES NEED TO BE AT THE HEART OF THE ECONOMIC RENAISSANCE OF THE WELSH ECONOMY