Saturday, November 5, 2011

Prime Minister George Papandreou Survives Confidence Vote

At Telegraph UK, "Greek prime minister survives confidence vote."

And at New York Times, "Greek Leader Survives Vote, Bolstering Deal on Europe Debt." And at Business Week, "Papandreou Seeks to Form Unity Government to Avert Default":
Prime Minister George Papandreou is seeking to form a government of national unity that will enable Greece to convince international leaders to resume aid before the nation runs out of funds next month.

Papandreou met with President Karolos Papoulias today as pressure mounts on the 59-year-old to step aside after he was forced to cancel a referendum that may have led to Greece being ejected from the euro. The premier won a confidence motion early this morning after pledging to disaffected members of his ruling Pasok party that he would not stay on.

Papandreou proposed “contributing definitively to creating a government of wider cooperation with the main goal of guiding legislation and anything else related to the historic Oct. 26” agreement with international lenders, the premier told reporters after meeting the president in Athens today. Last month’s accord “is a prerequisite for our remaining in the euro.”

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