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Rio declares financial emergency, requests funding for Olympics Watch

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    http://www.euronews.com/newswires/32...-for-olympics/


    Rio de Janeiro’s governor declared a state of financial emergency Friday and requested federal funds to help fulfill obligations for public services during the Olympics that start Aug. 5.
    Emergency measures are needed to avoid “a total collapse in public security, health, education, transport and environmental management,” a decree in the state’s Official Gazette said.

    The state’s revenue, largely tied to the petroleum industry, slumped in the last two years as global oil prices collapsed.


    Comment from reddit "Aww shoot. I guess we'll just have to have the Olympics anywhere else."

    I'm up for another Olympics hosted in London, we still have the facilities, thoughts?
 
 
 
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