Greece Falls Into 'Death Spiral': Rising Debt, No Growth -- CNBC
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.
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.
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More News On Greece's Debt Crisis
Debt Crisis: Live -- The Telegraph
European debt crisis Live: World markets slide as EU meeting stalls -- The Guardian
'Greece could be bankrupt within weeks' -- News.com.au
Global Markets Fall on Greek Default Concerns -- Wall Street Journal
Asian shares extend losses, Greece fears grow -- AFP
Europe debt crisis: Greece teeters on brink of bankruptcy -- Christian Science Monitor
Global markets, euro tumble on Greece exposure fears -- Reuters
Despair and resignation in Greece as more pain looms -- Reuters
Analysis: Greece's Sisyphean task to replace debt with growth -- Reuters
Should the EU Just Let Greece Fail? -- Daniel Indiviglio, The Atlantic