Trial by Greek fire

Greek debt/financing problems have spread like Greek fire – an incendiary weapon employed by the Byzantine empire and used in naval battles as it burns even on water. Greek fire threatens to engulf the stability of the euro as it spreads to other periphery high-debt eurozone economies: Portugal, Ireland and Spain, with Italy also being affected. The fallout from Greece has highlighted the heavily indebted nature of this group of countries and leaves the euro facing its biggest crisis since its