There was a lot of complaints about the speed of java (one can hardly solve anything, and bla bla bla) but then became the kawigi era.
On the other hand setting some multiplication system will cause "never ending" discussions about appropriate coefficient. But who knows, mayby ...., one day, as usually it depends also on the community.
By now, you can always check if anyone solved the problem in a language you consider. And if not, you can compare best solutions to the time limit - it should help to determine if there is a chance to pass the problem setter contraints.
Please also have a look at spoj.pl/problems/INTEST/ problem and check if your codes are able to process large input data fast.
Anyway, if you belive that there is a very slow language/compiler/interpreter which is worth to be learned
please apply for the roblem/contest setter privilidges to create a dedicated problem set for this languge.