Tailspin economies: 21 contenders to be 'the next Greece'

The media has found a concise new way to foreshadow financial Armegaddon: Just ask whether a given place is "the next Greece"

Greece riots
(Image credit: Corbis)

One convenient side effect of Greece's economic meltdown is that journalists now have a compact new way to make predictions of financial Armageddon. It's easy: Just say that "Place X" is the "next Greece." But here's hoping the gloomy forecasts aren't all accurate — together, the countries that have been dubbed "the next Greece" constitute about 60 percent of the global economy:

"PORTUGAL is the next Greece" (Business Week)

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