Free Republic

(Title edited due to lemgth) Fears the central bank of Greece will collapse following today's referendum are rising as voters flocked to the polls to decide on their country's future. [snip] Officials are set to ask the European Central Bank (ECB) for emergency cash in a bid to stave off financial ruin following tonight's result, it has been reported. [snip] It comes as some sources also suggested ATMs will not open this evening in a bid to save money after EU leaders threatened to withdraw the euro in the event of a 'No' vote.

The Bank for International Settlements has called on major economies in America, Asia and Europe to cooperate on financial policy in order to stabilise imbalances threatening the world economy. In its annual report, the BIS - known as the central bank of central bankers - praised global economic performance in the year to March 2005 but warned that there were hints of inflationary pressures building up similar to those in the late 1960s and 1970s. While it stopped short of recommending binding financial rules at international level - including the possibility of a single international currency or a return to...

Decision may sway Swedish voters to reject single currency EURO FOCUS FOREIGN STAFF BRITAIN'S decision to hold off on the euro could help persuade at least one other European Union member - Sweden - to stay out. The country's nine million population is to vote on euro entry in a referendum in September, and polls show public opinion has slowly shifted in favour of keeping the krona. Euro proponents brushed off Britain's decision to stick with the pound yesterday. "Sweden is a small and open economy," said Jonas Frycklund, a spokesman for the Federation of Swedish Industries, a pro-euro trade...