Greek vote of confidence

Awaiting Greek Parliamentary Vote of Confidence

June 21, 2011

A vote of confidence on Prime Minister Papandreou’s reshuffled cabinet and almost EUR 80 billion of proposed Greek budget cuts and asset sales is due later today.  Investors are optimistic he will survive, because a negative vote would precipitate fresh elections and probable Greek default, an outcome that is too difficult to contemplate.  Approval is […] More