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...report released Jan. 13, ratings agency Moody's said that Greece, along with Portugal, was likely to suffer a "slow death" as it uses more and more of its income to pay off debt. With the cost of that debt heading north, Greek banks could face further problems. "It's like they have a bomb in their hands," says investor Melissaris. "If rates keep climbing, it'll explode." (See the worst business deals...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

That will prove difficult. For the past few weeks, farmers have ridden their tractors along Greece's highways to protest plans to cut subsidies. At one point, delivery of produce on the country's northern borders ground to a halt. The Prime Minister has appealed to the farmers' sense of patriotism, but a long season of strikes is almost a certainty; state employees have a 24-hour protest planned for Feb. 10. (See 10 things to do in Athens...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

...country, however, appears to be better prepared than the others: Denmark. The biggest Danish power company has partnered with a California start-up company, Better Place, to build a nationwide grid to support electric cars, composed of thousands of charging poles in towns and cities and service stations along highways where depleted batteries can be swapped for fresh ones on long trips. (They're called "switching stations.") This isn't pie-in-the-sky stuff, either - Better Place announced last week that it had raised $350 million to support the venture, one of the largest rounds of venture capital...

Author: /time Magazine | Title: Denmark Leads Europe's Electric-Car Race | 2/14/2010 | See Source »

When you ask Dutch fans to explain why they get so psyched for this sport, they often leave you feeling even less enthused about it. "I like counting the laps," says Jeanine Renden, who along with her husband was wearing an orange wig with two lions perched at the top (like on the Dutch coat of arms). "It's exciting." Not nearly as exciting as her hairdo. If counting isn't your thing, you can always stare at the scoreboard. "It's every exciting to compare the times," says Dutch fan Eric Vanserstraadan, who was sporting two Dutch flags...

Author: /time Magazine | Title: Explaining the Crazy Dutch Love of Speed Skating | 2/14/2010 | See Source »

...locals and for visitors who happen to bring their skis and boots along "Olympic aversion" is a boon. In peak season, the locals would normally have to share the place with the skiing hordes. Now they have the joint to themselves while the bars, restaurants and hotels that provide many of them with employment are hopping. "The people who live in Whistler are skiing their brains out," says Jensen. Once it stops raining at the bottom, the Olympic ski racers will join them...

Author: /time Magazine | Title: Hello-o-o? Where Are All of Whistler's Skiers? | 2/14/2010 | See Source »

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