Greek Debt Crisis Comes Center Stage Again As Markets Tank

The government debt crisis – and the politically unpopular methods required to solve the problem – are taking center stage in Greece, as the ruling government is calling for new elections and the stock and bond markets are crashing.

Greek debt crisis: EU finance ministers wanted more austerity measures

Greek Prime Minister Antonis Samaras called for the election after an unsuccessful bid to win approval from Brussels over his 2015 budget.  EU finance ministers overseeing the government bailout wanted more austerity measures, which Samaras says are crippling his country and whose people can no longer accept the tough measures.

In a surprise move yesterday, Samaras called for new elections on December 17, just 8 days from now....