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There was a wonderful moment towards the end of Five Live Sport's London 2012 special last week when co-host got a bit carried away with the excitement of it all and declared that Britain had become an "Olympic superpower".

My initial reaction was to think, "Steady on, Steve, does superpower status really go down as far as ?" I'm fairly sure there were only two superpowers after all the medals were dished out in 1945.

And shouldn't we perhaps do it a few more times to suggest we have really arrived? After all, England were a , and I'm sure there was talk of . Might it be an idea to try this under-promise, over-deliver stuff my wife has mentioned in relation to my DIY skills?

And then I thought again (it happens). Why shouldn't Steve call it as he sees it?

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The budget is about to be revised upwards, and nobody knows how to pay for the athletes' village - these are just some of the headaches organisers of the next Olympics are facing.

So, Vancouver, if you knew then what you know now would you have bid for the ?

"We absolutely would have. It's all about timing. If this crisis was going to happen during our lifecycle, it's happened at the right time. Despite the challenges, we're very positive."

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