Munich stands a good chance to host the 2018 Winter Olympics and has the full support of the German government, Chancellor Angela Merkel said on Tuesday. "We believe that we have extremely good changes for Olympic Winter Games in the Munich region. The bid is of a national significance", Merkel said after a meeting with potential sponsors.
Merkel said the government was behind the bid, while Bavarian Prime Minister Horst Seehofer said he was confident that enough sponsors will be found despite the difficult economic situation.
The 2018 host city will be elected by the International Olympic Committee in 2011. Munich's rivals include South Korea's Pyeongchang, which narrowly lost out for 2010 and 2014.
Munich hosted the 1972 Summer Games and, if successful, would be the first city to stage summer and winter editions.