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Britain hopes hosting Olympics will fix its ailing economy

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 Britain will not reduce the London Games to an “austerity Olympics”, but instead try to use the event to kick-start the flagging economy in 2012, the minister responsible said Saturday.

Jeremy Hunt, the Olympics secretary, told The Daily Telegraph newspaper that hosting the Games during the global economic crisis should be seen as “an incredible stroke of luck” that could help keep Britain out of recession.

He said the government would never be forgiven if it did not make the most of staging the event. The Games are costing the taxpayer more than £9 billion.

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