Greek parliament votes in favor of new Papandreou cabinet as debt crisis deepens
Thursday, June 23, 2011 Greek Prime Minister George Papandreou survived a confidence vote by the Greek parliament late Tuesday night, thus allowing Papandreou to form a new cabinet constituted to address Greece’s severe financial debt crisis. The vote’s outcome is viewed as a measure of confidence in the government’s ability to resolve the problems of the deeply-indebted nation and implement the stringent austerity measures necessary for Greece to receive future bailout packages from the European Union (EU). Papandreou managed to face down internal dissent within his own Panhellenic Socialist Movement…
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