As Portugal’s debts continue to rise, Phil Town explains how the money spent on new stadiums for Euro 2004 looks like a waste
As the economic crisis deepens in Portugal so the careless spending of years gone by appears increasingly irresponsible. We are left with barely used motorways, superfluous submarines and a small herd of white elephants – most of the Euro 2004 stadiums. The championship was heralded at the time as “a way for Portugal to affirm itself” by José Socrates, who became the country’s prime minister between 2005 and 2011. While Euro 2004 was ultimately a huge success as a sporting event, the country is still counting the cost.