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Madrid outlines 2020 bid plans

Updated: January 8, 2013, 1:30 PM ET
Associated Press

MADRID -- Hosting the Olympics in 2020 would help create jobs in a country grappling with recession, a deep financial crisis and 25 percent unemployment, leaders of Madrid's bid said Tuesday.

"We can afford this, we can solve the difficulties and we can build a wonderful games," Spanish Olympic Committee President Alejandro Blanco said at the city's town hall.

Blanco spoke a day after Madrid submitted its full bid proposals to the International Olympic Committee, which will select ...

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