Is Brazil ready for the World Cup and Olympics?

Question: Is Brazil ready for the World Cup and Olympics?

Examples of answers:

Being such a vast country, I would say there is high chance of some infrastructure problems in the World Cup, especially in the cities farther from the coast. The Rio Olympics should be alright for foreigners, but not as amazing for locals (…) - Mauricio Savarese blog

No one doubts that the 2014 World Cup in Brazil, the country of football and the nation of partying, will be memorable. But there are doubts over how well organised it will be. – BBC

"Brazil is not ready, " said Pele.

"I am fully confident that the event will be a success, in and out of the playing fields, " Aldo Rebelo, the country's minister of sports, wrote in an email interview. (June 2012) "There are no major obstacles in addition to those that are normally faced with organizing an event of this size and importance. Brazil has completed feats that are far more complex than organizing a World Cup."

(…) construction projects for both of those mega events are far behind schedule. Foreign investors are not happy with Brazil's tangled bureaucracy, and thousands of federal employees in the country are on strike. – NPR

"In South Africa the main goal was to show the world that Africa could organise a World Cup. In Brazil, in a way the main issue is to win it. Otherwise they will talk about failure." - Jerome Valcke, FIFA general secretary.

Now it is your turn!