RE: Greece is now building a F1 racing track for 100 million euros!
October 2, 2012 at 4:15 pm
(October 2, 2012 at 2:58 pm)The_Germans_are_coming Wrote: they must be realy damn certain that some race will be held there otherwise they wouldn`t build it.
You really underestimate the stupidity of governments.
(October 2, 2012 at 3:22 pm)JohnDG Wrote: If anyone ever needed evidence governments don't know how to "stop spending" well there it is.
Fixed that for you.
(October 2, 2012 at 3:27 pm)Rhythm Wrote: I cant help but notice that people are approaching this as though there isn't massive amounts of money to b had in F1.......
That's assuming the F1 world will even be interested. It's a massive gamble. I think what people are complaining about is that there are plenty of other investments that would boost the economy, most in the short term which is what they need right now.
(October 2, 2012 at 3:30 pm)Chuck Wrote: If the government is short on money, why is investment in something that would increase tax receipts not a good idea???
Because it seems like such a risky investment. There are other ways to increase tax receipts which have a good chance of succeeding...and they don't cost 100 million Euros either.
