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European Journal

Poland: Counting the costs of EURO 2012

Since it co-hosted the UEFA European Football Championship last summer, Poland has 1000 new kilometers of motorways and new stadiums in Gdansk, Wrocław and Poznań. But now, six months later, debt levels are rising.

In Gdansk the stadium has already run up millions in debt for its operators. The Wrocław stadium is so deep in debt that the electricity was almost turned off.Poland had invested some 200 billion euros in preparing for EURO 2012. That has yet to pay off. The country had hoped the new sport venues would attract additional tourists, but so far that has not been the case.