Category Archives: Greece

Greek PM survives vote of confidence

Prime Minister George Papandreou of Greece won a crucial vote of confidence late Tuesday, with all 155 lawmakers of the Socialist party expressing their support for his beleaguered government, significantly above the absolute majority of 151 votes required by Greece’s 300-seat Parliament.   The vote averts early elections and a stalled government at a critical moment. Now, Mr. Papandreou must face an even bigger challenge, when Parliament votes next week on a slate of measures that includes tax hikes, wage cuts and state privatization. The steps were required by the European Union, the European Central Bank and the International Monetary Fund before the next segment of aid that Greece needs … Continue reading

Posted in Greece | Leave a comment