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Where "white elephants" don't matter

Affordability is now one of the buzzwords of the International Olympic Committee, but will future games cut their cloth accordingly or be the preserve of cities desperate to make their mark at any price?

Ed Butler asks Andrew Zimbalist, an expert on Olympic finances at Smith College in Massachusetts, and Allan Brimicombe from the University of East London, who has studied the economic impact of the London 2012 Olympic Games.

(Picture: The Olympic Aquatic Centre, in Athens, seven years after the 2004 games. Credit: Matt Cardy, Getty Images)

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2 minutes

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