Greek Government Survives Confidence Vote
Parliament passed a confidence vote on Prime Minister George Papandreou’s new
cabinet, formed last week to push through a fresh package of austerity measures
required to receive international financing to stave off default.
The passage averts early elections and a stalled government at a critical
moment. Now, Mr. Papandreou must face an even bigger challenge next week, when
Parliament votes on the new slate of measures, including tax hikes, wage cuts
and state privatization, that are required by the European Union, the European
Central Bank and the International Monetary Fund before it releases the next
segment of aid that Greece needs to meet expenses through the summer.
Read More:
http://www.nytimes.com/2011/06/22/world/europe/22greece.html ?emc=na
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