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The Olympic Games Left Rio Mired in Debt. Should the IOC Have Helped?

By Scott Salmon

RIO DE JANEIRO, BRAZIL - Ten years have passed since the heady moment when Rio de Janeiro was awarded the 2016 Summer Olympic Games but, while the euphoria that news generated has long since dissipated, the fiscal hangover is very much still with us. Just because the Games are long over doesn’t mean we’re done with Rio 2016.

It’s easy to forget the giddy optimism of the early Lula years, buoyed as they were by the discovery of massive oil reserves and a global commodities boom, a fleeting moment when Brazil seemed, once again, to . . .

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