"It is an enormous confidence-booster about who we are as a country, what we can do, what we stand for, and the fact that we can make our way in a very tough and competitive world,"
he told BBC News.
"We do face a very tough economic situation and I do not belittle that at all. It is a very tough economic world that we are in.
"But in a way what these Games show is that if you work hard enough at something, if you plan something, if you are passionate enough about something, you can turn things around.
"I think that is the lesson people can take from these Games."