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London Mayor: Olympics Will be Massive

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    London Mayor Boris Johnson on how the city is gearing up for the 2012 Olympic games.

  • Duration 4:12
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Your -- what the mayor of London.

-- -- -- mean for his city.

-- as you all know and America Super Bowl is next weekend and there are cities all across the globe who would absolutely kill to have that kind of live sporting event that brings in revenue and helps -- the tax coffers.

From tourism well one such Citi is London and in just six months they get exactly that with the Summer Olympics the mayor of London.

Is so excited he is Boris Johnson and what it two years ago we were talking about this but.

It's very close now what could this mean and how do you capitalize on -- for the city of London.

It's going to be massive problem and using Carlos Tokyo last night to the mayor of -- Linda.

But he was reminding me that he was wasn't so a moment ago that -- she didn't won't be exported a -- LA games the NA in Olympics they have to force loss entities to happen they actually paid the city to take the Olympics and people -- realized.

Then what a -- to drive for a full economic growth they could be we put a lot of money into improving well the bullet point three billion -- and -- Getting the -- ready.

But we think that the income will get generations to come.

-- more than makeup of that investment we we are putting in new railway lines.

You red river crossings.

Incredible infrastructure.

Developments in the east of London which controls -- -- neighborhood.

You schmooze you meet with a lot of people here in Davos that's really the name -- against what it's all of that's what it's all about.

What is the most interest -- conversations you've had since you -- right.

Tell you what it -- a big ups you strictly it was a it was a lost yesterday -- I was.

I was sitting down with the chief exec in the top guys of -- huge German multinational which I would mention.

Very very powerful -- Brilliance.

Brilliant manufacturing.

So we -- talking.

What he's really -- And the reality that German unit -- consistently -- Good competitors in the peripheral European countries they produce better machine goods they produce stuff that but it in a way.

Because engineering to -- stop these guys to total.

Match and with the Euro constructed as CDs in other words with a single currency that -- -- -- -- -- countries to devalue those joke.

Guys they would just before -- they're making out -- -- Italian American manufacturing industry.

-- what is happening and look at what's happening to the it's Portugal Spain Italy Greece they told compete and so that the question -- he's pretty prose -- Easy expect these other people to do.

Psychology just look at that what what look the the preview doesn't really get -- up who would listen to they've terrible what arguments -- -- with saying.

It's tough I get a look at it seems that -- -- -- -- she was saying to the rest of Europe EU.

More competitive will.

Believe.

This is simple human truth.

Good some.

Economies just -- like what's that the Greeks like to hang out on the beach vs a reputable manufacturer that's it and and and walked he would actually it's only.

Really reasonable but there what did you sort of -- does that does -- immediately be a single currency.

Doesn't take a -- All of the real discrepancy itself is Michael Holmes does seem simple car it is also by the I think with a look at the news is that it does -- -- the but the present rate of -- -- I think the currency's going to continue.

Bought the imbalances are going to continue to.

Get greater.

So as we wrap up here preparing for the Olympics what is it didn't want to let you know resigned to blog I believe would very much -- attending W it's reviewed.

EB well -- are you gonna be that -- parent.

It's going to be fantastic.

-- good to see it -- so much Boris Johnson the mayor of London gearing up for the London Olympics this summer -- back to you in New York now.

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