Greece calls new election after coalition talks fail

Greece abandoned a nine-day hunt for a government on Tuesday and called a new election that threatens to hasten the nation's slide towards bankruptcy and a future outside the euro zone.European leaders have said they will halt the aid if promises given in return for the bailout are not kept. If so, Greece could go bankrupt as early as next month. Financial markets, worried that Greece's crisis could spread to bigger euro zone economies such as Spain and Italy, tumbled on the news.