A Euro 2012 bonanza?

Research has shown that major sports competition can lead to a considerable economic development in the years following the event.  For example, after the Summer Olympics in Barcelona in 1992, there was a significant impact on tourist traffic, with the number of tourists visiting the city doubling to 3.5 million eight years later; a benefit referred to as the “Barcelona effect”. As Euro 2012 got underway in the midst of a European economic crisis, the focus on economic benefits was as ...