Reuters: “Greece’s president spoke 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.”

“Greeks are withdrawing euros afraid of the prospect of rapid devaluation if the country leaves the single currency, minutes of President Karolos Papoulias’s meetings with political leaders showed. Greece’s warring parties have refused to form a viable coalition, triggering new elections that could strengthen the hand of opponents of Greece’s EU bailout.”

Meanwhile, the BBC reports Greece will hold new elections on June 17 and a judge has been appointed to head an interim government.
Taegan Goddard’s Political Wire