Greece Falls Into 'Death Spiral': Rising Debt, No Growth

[katty]

more: http://www.cnbc.com/id/44758520

Drowning in red ink, Greece has nowhere to turn to revive the economic growth that might put its debt on a sustainable trajectory, reassure angry foreign creditors and offer hope to its recession-weary citizens.


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Instead, the country finds itself in a vicious circle—a death spiral, some would say—in which it is borrowing ever more to keep up on its existing debts, crushing growth in the process and thereby worsening its all-important ratio of debt-to-gross domestic product.

[Quantess]

1. I wonder how the Greek people are getting by?

It must not be easy.

[tcaudilllg]

2. Perhaps easier than you think.

Black markets thrive when the prescribed market fails.