Greece - and my awfully good idea

The torch was down the road in Leominster today and I didn't go to see it.  I am not an enthusiastic fan of the London 2012 Olympics project.

The original ethos of amateur chaps running and jumping for fun and then going back to proper jobs disappeared many years ago.  I remember the East Germans giving full time "jobs" to athletes in the military to illustrate their superior political system and thinking it wasn't fair against our British AAAs

• Wenlock Olympian Society    The Society was formed by Dr William Penny Brookes in 1850, the year of the first Wenlock Olympian Games.  The Games were originally designed "to promote the moral, physical and intellectual improvement of the inhabitants of the Town and neighbourhood of Wenlock".   

• As a Shropshire lad myself I am sure these improvements were necessary

My point is that this huge event seems now to be driven by political and commercial ambitions and the cost to any host state is beyond justification.  Legacy ... I don't believe it. Regeneration... why London why not Hull?

Here is my contribution to the great European debt debate.

Messrs Mac Donald (R), Coca Cola and Heineken have apparently spent a lot of shareholder cash to secure rights in London to promote their reputation during the games. I think they might be persuaded to invest in a permanent home site for the Olympics and the permanent greater glory of their company names for years to come. It's probably too late for this year but for 2016.... who knows?  Rio won't might not mind.

At the moment we are (allegedly) teetering on the edge. If Greece goes then, Spain, Ireland Portugal, Italy, France will surely follow or so I'm told.  We must therefore do everything to prevent Greece falling.

GROWTH we are told, is the only solution. I think infrastructure building is the way forward, Greece is the place, billions of euros can be poured in secured on future Olympic earnings, Olympic branding and Olympic status for the permanent home of the OLYMPIC GAMES. What temples to sport might be built against a magnificent and historic backdrop.  It might even revive the tourism industry.

They don't have to put up all the money. A small down payment will secure. The clever bankers can scale it up with bonds, swaps, derivatives and all the tricks of alchemy that turns base metal into gold.

JP Morgan, Deutsche Bank, IMF, ESF, Robert Peston, Angela, ??

What are you waiting for?