Greece is unquestionably in a catastrophic spiraling economic, social and political crisis. Unemployment has reached an historical record of 18.4%, 30% of whom are below 30 and continues to rise. An increasing number of able and qualified young people emigrate. Consumption continues to drop. Construction has decreased by 40% and small shops are closing at a rapid rate. GDP shrunk this year by 5.5% and most alarmingly and the deficit will reach 9.5%. Our horrendous public debt is compounding and the public debt to GDP ratio will soon hit almost 200%, a level that can force our country to default on a most of what it owes.