Greece and Portugal face 'slow death' over debt crisis

Telegraph
"Greece and Portugal are likely to suffer a "slow death", as higher debt costs cause the economy to "bleed" economic potential, Moody's credit ratings agency has warned. ..Moody's Investors Service said unless the two countries reverse their large current account deficits, wealth generated would increasingly have to be used to pay off rising debt costs as investors demand more to hold Greek and Portuguese bonds."