RIO OLYMPICS In State of Emergency [What Would It Take to Cancel An Olympics?]
776Should the Olympics be moved out of Rio? ►► Comment below!
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The 2016 Rio Olympics are in a state of financial emergency after it was announced that the projected debt for will approach 6 billion dollars. Add the financial ruin to a platter of other issues (Zika, pollution and political corruption) and we have to think that the Olympics should be moved to a city that is capable of hosting the events.
"The plea for funds is an embarrassment for the host of South America’s first Games and adds to a long list of woes that includes the impeachment of the president, the deepest recession in decades, the biggest corruption scandal in memory, the Zika epidemic and a wave of strikes and occupations of government buildings. Brazil’s economy is expected to shrink by about 4% this year as a result of weak commodity prices, low demand from China, political paralysis and the Lava Jato (Car Wash) corruption investigation, which forced the suspension of many construction contracts and led to the arrest of dozens of senior executives. Rio is particularly hard hit because it is the headquarters of the state-run oil company Petrobras, which is at the centre of the investigation."
Read more: https://www.theguardian.com/world/2016/jun/17/rio-de-janeiro-financial-emergency-olympic-games-2016
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