Greece’s Stock Market Just Suffered Its Worst Collapse Ever

Now this is Greek tragedy. Greece’s Athex Composite GD, -12.78% tanked almost 13% Tuesday — the biggest drop for the index on record, according to FactSet. The renewed jitters came after the government, in a surprise move late Monday, said it would bring forward presidential elections to Dec. 17, potentially, setting the scene for snap elections in early 2015. Here’s why that’s important: Far-left party Syriza currently is leading the early polls and it seems likely they would win a snap election. This is how to think about Syriza.

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