Greek revolt — what does it mean?

THE Greeks are revolting, the euro is tumbling and the talk is of economic meltdown across Europe — it’s Groundhog Day all over again...

Please explain: why are we in another Greek crisis over the euro?

Actually it’s the same crisis, exacerbated by the failure of national austerity measures to revive the Greek economy. That is why the Greek prime minister is trying to form a new government, win a vote of confidence and get his people to tighten their belts