Voice of America: Despite Debt Woes, Greece to Fund Formula 1 Track

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

Despite Debt Woes, Greece to Fund Formula 1 Track Oct 3rd 2012, 14:16 Despite its debt crisis and deep recession, Greece says it is planning to invest in the construction of a Formula 1 race track. The Athens government said Wednesday it will spend more than $37 million on the project, about a third of the cost of building the track it hopes will attract Grand Prix races. Officials said the track would boost tourism and create jobs. Greek leaders have debated the project, set for a site on the Peloponnese peninsula, for years, facing opposition from local ... Media files: 0D2A954B-EF65-4E9F-95D3-E5C51D3B3713_cx0_cy4_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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