June 19, 2011
European finance ministers meeting Sunday in Luxembourg moved toward approving a fresh quarterly installment of Greece's €110 billion ($157.43 billion) bailout loan, but they remained divided over the details of a far harder task—extending Greece a giant new package that would support it for years to come.
In Athens, Prime Minister George Papandreou said his country was negotiating a new deal of roughly the same size as the one granted just last year—about another €100 billion—and urged his parliament to back him in a vote of confidence scheduled for Tuesday.
"I request a vote of confidence so that we can, with a strong voice, negotiate a new agreement," Mr. Papandreou said.
The Greek premier, fresh from a cabinet reshuffle meant to lift his wilting political fortunes, will travel to Brussels on Monday for talks with European Union leaders.
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