Greece is now building a F1 racing track for 100 million euros!

[kılıç_mehmet]

What could go wrong?

[Something completely different]

they must be realy damn certain that some race will be held there otherwise they wouldn`t build it. but still, considering the current situation it sounds very stupid.

since Turkey`s current economic groath is so breathtaking, maybe greece should be reinterduced under turkish rule

[Napoléon]

Businesses are going to shit, people are losing their homes, building construction has come to a stop in many places due to lack of funding, but yet they can blow 100 million on a bloody race track?

Sounds like they do really need to sort out their priorities.

[JohnDG]

If anyone ever needed evidence governments don't care about their people well there it is. They build a racetrack instead of using the money on social problems, they must want riots.

[Annik]

There will be riots.

[The Grand Nudger]

I cant help but notice that people are approaching this as though there isn't massive amounts of money to b had in F1.......

[Anomalocaris]

If the government is short on money, why is investment in something that would increase tax receipts not a good idea???

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they must be realy damn certain that some race will be held there otherwise they wouldn`t build it. but still, considering the current situation it sounds very stupid.

since Turkey`s current economic groath is so breathtaking, maybe greece should be reinterduced under turkish rule

Then there will be riots by the Turkophobes in the streets of Paris and Berlin.

[Welsh cake]

Things have already gone wrong.

Greece, Italy and Spain are just kicking back and waiting for the inevitable global stock market crash.

Fucking capitalism.

[JohnDG]

Question is, what comes after that? I don't believe anyone on this forum has lived through the great depression nor a global great depression.

[Tiberius]

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.

If anyone ever needed evidence governments don't know how to "stop spending" well there it is.

Fixed that for you.

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.

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.