The riots in Greece this month must have increased the chance of the Greek economy imploding forcing Greece out of the eurozone.
The Greek economy was already weak before protesters started smashing up shops and other buildings in the country. To add insult to devastation unions went on a nationwide strike today. The riots continued as well.
The current account deficit is between 10% and 15% of GDP, depending on which source you look at - but is the highest in the eurozone highest by far. The deficit itself at $53 billion is the sixth largest in the world in dollar terms - and that's for a country of only 11 million people - $5,000 for each of them.
High inflation means the economy is uncompetitive. And of course the deficit will only have been achieved with Greece's own credit bubble and real estate bubble both of which are now bursting.
Greece's public debt is 93% GDP, an absurdly high figure. Credit default swaps on Greek sovereign debt are now at 2.5%.
Quite who is lending to Greece other than the European Central Bank is unclear but this can't go on for long. The Greek government will soon realise that it should extricate itself from the eurozone experiment, introduce the drachma mark two and start to sort out its economy for the 21st century.