Tuesday, June 21, 2011

Greek Leader Faces Key Confidence Vote

Wall Street Journal
June 21, 2011

Prime Minister George Papandreou faces a crucial vote of confidence in parliament late Tuesday as the government tries to shore up support for its economic reforms amid growing popular discontent over a fresh wave of austerity measures.

The vote, which is expected at midnight local time (5 p.m. ET), comes just days after a mass protest over new government cutbacks shook Greece's political establishment and touched off a revolt within the ruling Socialist party.

In an effort to assuage both public opinion and the party rank-and-file, Mr. Papandreou reshuffled his cabinet Friday, sacking his unpopular finance minister, who was seen as the architect of the austerity measures.

More

No comments: