MADRID (AP) — Spain's financial crisis should not affect Madrid's third consecutive Olympic bid and hosting the games could help the country recover from the recession, leaders of the 2020 candidacy said Monday.
Madrid unveiled a colorful bid logo, stepping up its latest campaign after failed attempts for the 2012 and 2016 Olympics.
Spain's economic downturn has left nearly one in four Spaniards unemployed and a youth jobless rate of 45 percent, but organizers believe the Olympics could help Spain emerge from its prolonged downturn.
"Today is an important day for the future of Spanish sport, for the future of this country," bid leader and Spanish Olympic Committee …
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