November 4, 2011
Prime Minister George Papandreou of Greece survived a crucial confidence vote in the Greek Parliament early on Saturday, a vote that signaled approval of the comprehensive deal reached by European leaders last week to stabilize the euro and to help Greece avoid defaulting on its debt.
Mr. Papandreou pledged to form a unity government with a broader consensus, regardless of whether he would lead it.
The moves ended a frenetic week that began with Mr. Papandreou’s surprise call for a referendum on Greece’s new debt agreement with the European Union, which threw financial markets into disarray and even threatened to spread the financial contagion to Italy. He was then forced to back away in a humiliating about-face and saw his domestic support crumble rapidly, even within his own party.
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