Major cities across austerity-hit Europe were to burn off part of their battered budgets in spectacular fireworks displays, although some municipalities—including the Cypriot capital, Nicosia—canceled their celebrations in light of the economic crisis. Nicosia said 16,000 euros ($21,000) saved from the canceled event will be given to some 320 needy schoolchildren.
Sydney's balmy summer night was split by 7 tons of fireworks fired from roof tops and barges, many cascading from the Sydney Harbor Bridge, in a 6.6 million Australian dollar ($6.9 million) pyrotechnic extravaganza billed by organizers as the world's largest.
Eager revelers camped Sunday night to get the best vantage points.
In Hong Kong, this year's 12.5 million Hong Kong dollar ($1.6 million) fireworks display is said to be the biggest ever in the southern Chinese city. Police expected as many as 100,000 people to watch.
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