French President Emmanuel Macron (L) greeting International Olympic Committee (IOC) President Germany's Thomas Bach. Photo: Fabrice Coffrini/AFPPresident Emmanuel Macron on Wednesday hailed the decision to award the 2024 Olympics to Paris as a 'victory for France'. Macron said after the International Olympic Committee vote in Lima that rubber-stamped the historic double award of the 2024 Games to Paris and the 2028 Olympics to Los Angeles that "the whole country must get behind" the event. READ ALSO:The venuesA key argument in the Paris bid for the 2024 Olympics was that, thanks to venues such as the Stade de France and Roland Garros, 95 percent of the necessary infrastructure is already in place. Vladimir Andreff, a sports economist at Paris' Sorbonne university, described Olympic budget inflation as "the curse of winning an auction".

Source: The Local September 14, 2017 07:07 UTC