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EURO 2000 FINANCE BLOW FOR DUTCH AFTER RESEARCH

Euro 2000 will be less profitable for co-hosts the Netherlands than originally thought, research has indicated.

Only the four cities staging games will benefit to any great extent.
The actual boost to the Dutch economy, according to research institute Meerwaarde, will be in the region of 200 million guilders ($93.41 million).
The figure is well below the earlier 613 million guilders ($286.3 million) estimate by the Netherlands Economic Institute (NEI).
"The amount of 200 million guilders is substantially lower than calculated in the earlier NEI estimate. A large part of this 613 million guilders concerned a shifting of domestic demand," the report said.
Researchers expect the host cities of Arnhem, Amsterdam, Eindhoven and Rotterdam to receive a substantial cash injection, but expenditure in other Dutch towns is likely to fall.
The government itself will have its coffers boosted by about 30 million guilders ($14.01 million), the report predicted.
"This supposes the government is not deprived of income as a consequence of other tourists staying away," it said.
The Euro 2000 Foundation said it was unhappy with the report as it implied the tournament would cost more than it would bring in.
Spokesman Michel van Schie said the foundation was expecting between 400,000 and 600,000 foreign visitors to the Netherlands, while Meerwaarde had pencilled in only 150,000.
Belgium also host the June 10-July 2 finals.

Reuters