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Blogger Kristen Bernardi voices an unpopular opinion on why she is okay with Madrid not hosting the 2016 Olympics.Like everyone, I was stunned when Chicago was voted out first. Then Tokyo. It came down to Rio de Janeiro and Madrid. My Spanish coworkers and I watched the final decision live online, holding our collective breath and thinking that maybe, just maybe, Madrid would host the Summer Olympics in 2016.
Sadly for all the madrileños who had a corazonada, it was not meant to be.
I know I sound like a big jerk here, but I kind of figured this would happen.
Problem #1: Madrid is broke. Seriously. We have no money. According to the Banco de España, the capital’s debts have increased by about EUR 6 million over the past five years. The International Monetary Fund (IMF) just announced that all the economies in Europe will begin to recover in 2010, except Spain. Unemployment is currently at 18.5 percent, and some experts have predicted that it could reach 25 percent – a quarter of the population – by the end of 2010.
Problem #2: While loads of good things come from hosting the Olympic Games – national pride, improved infrastructure, a boost in tourism – hosting the Olympics is incredibly expensive.
In a city still reeling from a burst housing bubble, the Olympic Games coming to Madrid could mean that thousands of residents would be displaced from their homes to make way for new roads and venues.

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