Greece Submerges as Crisis Fallout Worse Than Emerging Markets

The Greek economy risks being more a submerging market than an emerging market.

As another round of aid talks between the Mediterranean nation and its creditors ends without a deal, its economy is faring even worse than a string of developing countries which suffered traumas in the last two decades. That leaves Commerzbank AG declaring the country is in little position to pare its debt and that default or a restructuring may loom.