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6/21/11

Greece wins confidence vote

The Greek government has won a vote of confidence, overcoming the first hurdle in winning a new financing package from the European Union (EU) to avoid bankruptcy.

The announcement came as protesters gathered outside parliament shouting slogans against austerity measures as Greece battles to avoid defaulting on huge loans next month.
More than half the deputies in the 300-strong parliament backed the socialist government of prime minister George Papandreou, who reshuffled his cabinet last week to stiffen resolve behind a painful new austerity program.

For more: Greece wins confidence vote - ABC News (Australian Broadcasting Corporation)

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