Hungary decided to withdraw its application for the 2024 Olympic Games

HUNGARY - In Brief 22 Feb 2017 by Istvan Racz
This was announced today, after a meeting with PM Orbán, the Mayor of Budapest and the head of the Hungarian Olympic Committee. Thanks God. There is now one reason less to worry about medium- and long-term fiscal stability. Hungary is just too small and relatively underdeveloped to host an olympiad. The International Olympic Committee would have most probably preferred either Paris or Los Angeles, the other two candidates, when it decides on the host city for the 2024 Games in September 2017. But it is much better this way, as the economic and possibly the political consequences of Budapest winning the Games would have been very serious.By the way, the government, the City of Budapest and the HOC are not withdrawing their application because they may have realized the possibly severe economic consequences. They are doing so, because it is becoming increasingly clear that Momentum Mozgalom, a so far unknown political group of Budapest-based youngsters managed to collect more than sufficient supporting signatures for a local referendum on the subject in Budapest. And as opinion polls suggest, the majority of local citizens in Budapest (or of the country, for that matter) does not want to host (=to pay for) any Olympic Games. And Fidesz just does not need a lost referendum on any subject hardly more than a year before next year's parliamentary election.

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