Portrait of a Failed “Investment”...

Four years ago, the world largely applauded as Greece incurred multi-billion dollar debt to finance building a spectacular Olympic venue.  The media heaped praise on the Greeks for their “investment”, and predicted great things would happen because of the world-class stadiums, tracks, pools, etc. that they were building.

How's that working out now?

Not so well.  The facilities are largely unused, and now the Germans are being asked to cover the debt that Greece is in danger of defaulting on.

CoyoteBlog has more.  Oy, vey...