Thursday, May 17, 2012

Economy - Voice of America: Greek Cabinet Sworn in Amid Bank Run Fears

Economy - Voice of America
economy-and-business
Greek Cabinet Sworn in Amid Bank Run Fears
May 17th 2012, 18:27

Greece now has a new caretaker government, following the political parties' failure to form a coalition government. Greece's president says that close to $900 million worth of euros was withdrawn from Greek bank accounts on Monday. Meanwhile Spain has seen its borrowing costs rise on the international markets as investors fear the crisis could spread across southern Europe. ​​ Greece's new caretaker cabinet took office Thursday. Senior judge Panagiotis Pikrammenos, shown here ...

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