London: Boris Johnson, the Mayor of London, formally handed over the Olympic flag to Eduardo Paes, the Mayor of Rio, during the closing ceremony for the 2012 London Olympics on Sunday.
The handover of the flag marks the symbolic transfer of responsibilities for organising the next Olympic Games, to be held in Rio in 2016.
An estimated global audience of one billion watched the ceremony, with 80-thousand crowd at the Olympic Stadium in Stratford.
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