Greece Sets New Election For June 17; Fear Of Bank Runs Reported | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Greece Sets New Election For June 17; Fear Of Bank Runs Reported

With "the shockwaves from Greece's failure to form a coalition government" continuing to roil financial markets around the world, there's word from the BBC that Greece has now scheduled a new set of elections for June 17.

And there's also this:

"Greece's president [has spoken] of 'fear that could develop into panic' at the country's banks in the weeks before fresh elections that could precipitate Athens exit from the euro zone," Reuters reports.

According to the wire service, "afraid of the prospect of rapid devaluation if the country leaves the single currency," many Greeks are pulling euros out of banks, minutes of President Karolos Papoulias's meetings with political leaders indicate. The nation's central bank chief says Greeks pulled at least $894 million out of banks on Monday.

As Reuters has also reported, a "Grexit" from the euro (Greece pulling out of the currency bloc) is being increasingly discussed.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

The Exquisite Dissonance Of Kehinde Wiley

The Brooklyn Museum's mid-career Wiley retrospective wraps up this week; his large, elaborate works depict black men and women in traditional forms like oil, bronze sculture and even stained glass.
NPR

Adios, Trans Fats: FDA Poised To Phase Out Artery-Clogging Fat

Any day now, the FDA could announce a final rule aimed at removing much of the remaining trans fats out of the food supply. It could amount to a near ban on the fats, which wreak cardiovascular havoc.
NPR

Week In Politics: U.S. Policy On Islamic State, 2016 Presidential Race

NPR's Robert Siegel speaks with regular political commentators E.J. Dionne of the Washington Post and Brookings Institution and Ramesh Ponnuru of the National Review about U.S. policy on the self-declared Islamic State and the 2016 presidential race.
NPR

The Future Of Cardiology Will Be Shown In 3-D

The Living Heart Project aims to create a detailed simulation of the human heart that doctors and engineers can use to test experimental treatments and interventions.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.