ATHENS, GREECE - A senior judge has been sworn-in to head a caretaker government in Greece for the next month.
State TV says the decision on a caretaker government was made today at a meeting of party leaders, a day after power-sharing talks collapsed. The caretaker government won't have the authority to enter into any binding international agreements.
The country hasn't been able to emerge from a political crisis that threatens its membership in the euro. The uncertainty is worrying Greece's international creditors -- as well as the Greeks themselves, who have withdrawn hundreds of millions of euros from banks since the elections 10 days ago. Nearly $900 million in deposits have left Greek banks.
Although there were no lines at banks in Athens after the election, Greeks have been gradually withdrawing their savings over the past two years as the country's financial crisis worsened -- either sending the money overseas or keeping it in their homes.
The country's president says he's been told by the central bank governor that there isn't a "panic" -- but that there is "great fear which could turn into panic."