Greek humiliation by numbers

As Greek GDP tumbles, unemployment is forecast to reach 25 per cent and government debt set to reach 169 per cent in 2013. Finding government savings is increasingly urgent.

There has been a lot of talk about the problems confronting Greece, but little examination of the hard data underpinning its economic depression.

The economic numbers are truly frightening. Be it GDP, unemployment, the budget deficit or government debt, the economic performance of Greece is pathetic, humiliating and worst of all, socially destructive.

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