Word: spain
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...When he was four, however, the prince left Mexico for Spain. He went to schools in Austria, where he took up skiing. Since he was born in Mexico, von Hohenlohe could still compete for that country; he made his Olympic debut in 1984, finishing 38th in the downhill. This will be his fifth Olympics for Mexico, but only the first since 1994. Although he qualified for the Torino Olympics in 2006, the Mexican Olympic Committee refused to send a one-man team. More eager for exposure this year, Mexico decided to support his next-to-nothing shot at a medal...
...month low as a result of sovereign-debt panic. Greece, which is perhaps the weakest link in the European Union, was first to hit the wall on news that its deficit has ballooned to nearly 13% of GDP. Then last week, worry about debt default spread from Greece to Spain, Portugal and Ireland, where spending is similarly out of control. (See the best business deals...
Similarly, Greece and Spain are pushing back against speculators who want to short the euro or use it in carry trades, further depressing the already soft currency. Just this week Spain's Finance Minister, Elena Salgado, flew to London to assure bondholders that her country remains solvent and unveil a proposal to cut Spain's budget deficit...
...Greek finances crumble a mere 11 years after the euro's birth. European leaders are keenly aware that the crisis is not restricted to Greece. If the nation were allowed to default on its debts, the bug could spread to other highly indebted euro-zone economies, like those of Spain and Portugal. At that point, economists have said, the euro itself could be endangered. But the E.U. sent a message on Thursday that it was not about to let that happen. Now it's banking on the hope that its public show of solidarity will restore a sense of confidence...
...contain the crisis to keep it from spreading beyond Greece's rocky shores by creating a so-called "firewall" around the country. In Berlin, officials said talks were underway about the possibility of offering loan guarantees to Greece and other heavily indebted eurozone countries, such as Spain and Portugal. Other governments have mentioned the possibility of buying Greek bonds from the primary or secondary markets. Finance ministers from the 16 eurozone countries held an emergency videoconference to discuss how to deal with the situation Wednesday, and the issue was expected to be at the top of the agenda when European...