Greek PM Papandreou Survives Confidence Vote


BELLWORT TECHNOLOGIES PVT. LTD.

In a make-or-break moment for Greece’s socialist Prime Minister George Papandreou and the European Union as a whole, the ruling party won a confidence vote in Parliament. Papanderou needed a simple majority in the 300-member chamber; while his party controls 155 seats, controversy over austerity measures and massive protests in the streets of Athens and around the country have caused a social and political backlash, leading to various desertions and resignations within Papandreou’s PASOK party.

Finally, the voting followed party lines, with Papandreou securing all 155 votes from PASOK- aligned legislators. The vote was among conditions set by the European Union and the International Monetary Fund in order to release a further $17 billion tranche of bailout funds for the beleaguered Hellenic nation.

BELLWORT TECHNOLOGIES PVT. LTD.

SWATI JAIN

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One response to this post.

  1. […] Greek PM Papandreou Survives Confidence Vote (bellwort.wordpress.com) […]

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