Sorry but the Commonwealth Games received daily coverage on CNN's website. I also posted it here.
Germany to my understanding spent much of the 1990s stagnant economically and has had to bail out Greece.
The UK is growing faster than expected as well.
If you doubt the importance of the Commonwealth, consider how Britain, America and Germany to name but three are jostling for influence in India e.g. Obama's visit, Cameron's visit recently - the biggest delegation since independence apparently.