The 65-year-olds plans are already thought to have the backing of IOC president Jacques Rogge, and is likely to be put to a vote in November.
The proposal is now reported to be undergoing a feasibility study by Deloitte.
If the proposed idea was to go ahead, the Games could either be in addition to events such as the European Athletics Championships and European Swimming Championships, or even replace them altogether.
Hickey, the president of the European Olympic Committees, has revealed he has the support of 47 of the 49 European National Olympic Committees, which will make the final decision.
Hickey also described the initial interest from sponsors as ‘colossal’.
‘European results at Olympic Games are diminishing all the time. Whereas we used to win the most medals, we are now dropping out of that zone’.
‘We have a feeling that a European Games can be used to spark European supremacy again at the Olympic Games’.
The idea of a continents independent Games has already worked elsewhere - later this year the Pan American Games will be held in Mexico, the Pan Arab Games in Qatar and the All-Africa Games in Mozambique, while the Asian Games took place last year in China.
Published: 18/04/2011
Soucre: http://www.sportindustry.biz/news/view/9602/ioc-member-proposes-european-games
