Tales of woe are emerging from Greece at an accelerating pace – government workers who become suicidal after learning that they’re being downsized and the proliferation of soup kitchens – but, should the nation default on its debt, some of that misery could spread elsewhere, according to the graphic below from this Spiegel story, even to Germany.

Also see this related collection of photos from Spiegel and this New York Times Magazine story from yesterday about the rapidly changing Greek lifestyle. It’s not all good.

The Greek Parliament approved more austerity measures required to facilitate the next round of $170 billion in bailout money from their EU/ECB/IMF overlords as citizens set buildings on fire and battled some of the 4,000 riot police deployed in Athens.

Bond holders will take haircuts of 70 percent on the money they foolishly lent to the Greek government and, for the time being at least, a messy Greek debt default has been averted.

Well, it looks like yesterday’s version of the “deal” on Greek debt has turned out like all the others over the the years as lawmakers squabble about passing the latest round of austerity measures and European officials say even that won’t be enough. The image below from the Telegraph’s live coverage of the debt crisis sums up the situation nicely.

Financial markets are now a “sea of red” in advance of the 9:30 AM EST open in New York as violence is again erupting in Athens, striking workers unhappy with what the unions have dubbed a “tombstone” policy for Greeks society.