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