2012 Games Won't Benefit London Economically

Airtime: ET

The 2012 Olympics will not benefit London economically, according to Prof. Stefan Szymanski from Cass Business School. "There is certainly economic activity associated with it and this is all being funded by the UK taxpayer. But it is not commercially viable economic activity because otherwise we wouldn't have to have large-scale government guarantees in order to make it viable," he said.