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Coe: Olympics will not be affected by economic climate
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Lord Coe has announced that the budget for London 2012 will remain unaffected by any decision to reduce public spending.
There have been reports that the Olympics could be looked at as an area to make savings.
However, Coe is adamant that the 2012 Games are in robust financial health despite problems in the economic climate.
"The budgets are set so stories that the Olympics might suffer from cuts in public spending are inaccurate," said Coe.
"So far we've raised more money than any host city has ever raised - just over half-a-billion pounds.
"Construction is ahead of schedule and we are continuing to raise a lot of money in the organising committee."
