Greek death spiral accelerates

Another normal day at the Hellenic Statistical Authority.
We learn that:

-Greece's manufacturing output contracted by 15.5pc in December from a year earlier.

-Industrial output fell 11.3pc, compared to minus 7.8pc in November.

-Unemployment jumped to 20.9pc in November, up from 18.2pc a month earlier.

I have little further to add. This is what a death spiral looks like....more