London wins the bid to host the 2012 Olympics.

The transcript describes the excitement and celebration in London after winning the bid to host the Olympics. It highlights the belief in London's unique position and strengths, the unexpected victory over Paris, and the involvement of East London schoolchildren in the celebrations. The transcript concludes by acknowledging the challenges ahead for London but emphasizes the current joy of the moment.

What was the initial sentiment of the crowds before the announcement?

What was the significance of London overturning the odds against Paris?

How did the crowds in Trafalgar Square celebrate the announcement?

What was the reaction of East London schoolchildren during the announcement?

What challenges does London face after being awarded the games?