Tony Blair defends Olympic Games expenses

Two days from the start of the Olympics, former British Prime Minister Tony Blair has defended his decision to deliver the games to London, maintaining on Wednesday that the event will be value for money as austerity hits other public projects. Blair helped to deliver the world's biggest sporting showpiece to London in 2005, landing Britain with a 9.3 billion pounds ($14.4 billion) bill for a project taxpayers had to foot as the economic crisis took hold after he left office in 2007. "Even though it's a lot of money, 9 billion pounds, we have regenerated a whole part of the East End of London," Blair said on Wednesday. He pointed to the "great sporting facilities" now in place, and "the excess of 9 billion" the country stood to make.

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