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...unprecedented monitoring. Joaquin Almunia, the European Commissioner for Economic and Monetary Affairs said Athens' targets were "ambitious" but "achievable." Importantly, Greece managed to raise about $11 billion in its first postcrisis bond offering on Jan. 25. But relief was short-lived. Within days the spread over 10-year German bonds, the European benchmark, reached a record high. The bottom line: until the Greek government delivers results, the pressure...

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

...German Felix Loch, 20, became the youngest luge gold medalist in Olympic history on Sunday, as he compiled a time of 3 min. 13.085 sec. over four runs, 0.679 faster than his fellow countryman David Moeller. And while the event retained its festive feel - a giddy Loch hoofed it up and waved the flag like, well, a 20-year-old kid who was his luge-obsessed country's first men's gold medal in a dozen years - the awful memories of last week's accident still loomed. "It's always there," said Moeller after winning his silver medal. "Lots...

Author: /time Magazine | Title: Still Fear — and Loathing — at the Luge Track | 2/15/2010 | See Source »

...every athlete was as appreciative. The start change, according to several athletes, cheapened the outcome of the event because it gave such an advantage to the German racers. The strong, well-schooled German athletes are particularly strong starters, and on a shorter course, the weaker starters, who excel at negotiating the curves, don't have enough time to pick up speed at the bottom of the mountain. "God blessed the Germans today," says Ruben Gonzalez of Argentina, who came in last. "Once I saw the wall up, I though we were fine. They didn't have to move the start...

Author: /time Magazine | Title: Still Fear — and Loathing — at the Luge Track | 2/15/2010 | See Source »

...years, he has spent just two to three weeks a year in Mexico. Still, he insists he bleeds the green, white and red colors of the Mexican flag. "I feel very Latin in a way, and Spanish," says von Hohenlohe, who does speak fluent Spanish (as well as French, German, Italian and English). "The Spanish were the ones who came to Mexico in the end, so I do feel Mexican. Naturally I have more ties to Spain, but I'm more of a Latin person. Although our name is very German, and we're a German aristocratic family, we really...

Author: /time Magazine | Title: Why Is a German Prince Skiing For Mexico? | 2/13/2010 | See Source »

...reaching 90 m.p.h. The speed is part of its allure, and the rush of the event is what attracts audiences. However, throughout this week's training runs, athletes have voiced their concern about the safety of the Whistler track, which is the fastest in the world; last February, a German athlete was clocked traveling more than 95 m.p.h. during a luge World Cup test event. Over the past week, about a dozen athletes have crashed during luge training here. A Romanian Olympian was briefly knocked unconscious, and the gold medal favorite, Armin Zoeggeler of Italy, survived a crash unhurt, just...

Author: /time Magazine | Title: Olympics Open with Restrained, Respectful Celebration | 2/13/2010 | See Source »

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