How to sponsor a G8 summit?
In the last couple of days, comments in the press (see SVZ, N24) suggested that the G8 summit is not-well financed. The G8 conference site Heiligendamm is situated in the German state Mecklenburg-Vorpommern , which has to finance the preparations surrounding the summit.
Apparently 47 million Euros are missing in the state’s budget to finance the summit. 35 million Euros are the costs of police force being ‘borrowed’ from other states. About 12 million Euros have already been invested in the security infrastructure, but have not been mentioned in the budget for 2007, so the regional government is issuing a revised budget for 2007.
As a first step, the state cabinet is expected to gather the state parliament to decide upon a sum of 12.5 million Euros for the erection of a fence surrounding the conference site and compensations for owners of premises. The regional government expects that these expenses are renumerated by the Federal Government.
The whole summit will cost about 92 million Euros, 11.6 million Euros in 2006 and 80.5 million Euros in 2007.
November 17th, 2006 at 23:46
[...] It’s going to be expensive for the state of Mecklenburg-Vorpommern as the host of the G8 summit. But are they going to loose the summit? As German media (see Berliner Umschau, MVRegio, SVZ (I), SVZ (II), NDR, Lübecker Nachrichten) discussed the last two days, the regional government threatened to cancel the summit if the federal government would not give additional funding to the state in the North of Germany. [...]
Oktober 14th, 2007 at 23:27
[...] going to be expensive for the state of Mecklenburg-Vorpommern as the host of the G8 summit. But are they going to lose [...]