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

He Died At 32, But A Young Artist Lives On In LA's Underground Museum

When Noah Davis founded the museum, he wanted to bring world-class art to a neighborhood he likened to a food desert, meaning no grocery stores or museums. Davis died a year ago Monday.
NPR

The Strange, Twisted Story Behind Seattle's Blackberries

Those tangled brambles are everywhere in the city, the legacy of an eccentric named Luther Burbank whose breeding experiments with crops can still be found on many American dinner plates.
WAMU 88.5

State Taxes, School Budgets And The Quality Of Public Education

Budget cutbacks have made it impossible for many states to finance their public schools. But some have bucked the trend by increasing taxes and earmarking those funds for education. Taxes, spending and the quality of public education.

NPR

Surfers And Scientists Team Up To Create The 'Perfect Wave'

Surfers once deemed man-made waves weak and mushy compared to the best that break along the coast. Then engineers and an 11-time world champion surfer showed just how good an artificial wave can be.

Leave a Comment

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