News / Europe

Greek PM Survives Confidence Vote

Greek Prime Minister George Papandreou (R) and Finance Minister Evangelos Venizelos applaud after winning a vote of confidence in the Greek parliament in Athens, Greece, November 5, 2011.
Greek Prime Minister George Papandreou (R) and Finance Minister Evangelos Venizelos applaud after winning a vote of confidence in the Greek parliament in Athens, Greece, November 5, 2011.

Greek Prime Minister survived confidence vote in parliament late Friday, avoiding early elections which would have further destabilized the eurozone.

In a speech ahead of the vote, George Papandreou called for a new coalition government to approve a bailout deal vital for saving the country from bankruptcy and stabilizing the eurozone.

He told parliament that he would go to the Greek president Saturday to discuss formation of a power-sharing government that would secure the bailout. He said he was willing to let someone else lead the caretaker government, but he said calling for early elections would be disastrous.

Finance Minister Evangelos Venizelos said the country desperately needed the next $11 billion installment of its existing $150 billion bailout.   European leaders and the International Monetary Fund have said Greece would not get another cent if it backs out of its bailout agreement.

The vote took place a day after Papandreou scrapped a controversial referendum that had angered world leaders trying to formulate the eurozone rescue plan. The Greek leader faced opposition from the New Democracy party, as well as some members of his own Socialist [ Pasok] Party.

The Greek vote concluded a week of turmoil in the eurozone, which began with Papandreou's call for a referendum on the bailout for his country.   

The prime minister faced enormous international pressure to call off the referendum. He said the vote was a political move to get Greek opposition to support the bailout plan. He scrapped the referendum plan after the opposition lawmakers said they would support the bailout.

Thousands of protesters rallied in central Athens during the vote Friday against tough austerity measures included in the bailout.

Greek opposition leader Antonis Samaras has demanded Papandreou's resignation, saying he had jeopardized Greece's world financial standing by calling for the referendum.

Samaras also called for the creation of a transitional government to prepare for early elections.

Papandreou said that holding early elections would be "catastrophic," but added that he was open to talks with opposition members regarding the formation of a new government that would secure the debt deal.

<p><span class="article11"><i><span style="font-size: 7pt; line-height: 115%; font-family: &quot;Times New Roman&quot;,&quot;&quot;;">Some information for this report was provided by AP, AFP and Reuters.</span></i></span></p>

You May Like

Video Obama Announces Plan to Send 3,000 Troops to Liberia in Ebola Fight

At US Centers for Disease Control and Prevention, Obama details troop deployment and other pieces of US plan More

Video China Muslims Work to Change Perceptions After Knife Attacks

Muslims in Kunming say that they condemn the violence, it is not a reflection of the true beliefs of their faith More

Humanitarian Aid, Equipment Blocked in Cameroon

Move is seen as a developing supply crisis in West Africa More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Enviropreneur Seeks to Save the Environment, Empower the Communityi
X
September 16, 2014 2:06 PM
Lorna Rutto, a former banker, is now an ‘enviropreneur’ - turning plastic waste into furniture and fences discusses the challenges she faces in Africa with raw materials and the environment.
Video

Video Enviropreneur Seeks to Save the Environment, Empower the Community

Lorna Rutto, a former banker, is now an ‘enviropreneur’ - turning plastic waste into furniture and fences discusses the challenges she faces in Africa with raw materials and the environment.
Video

Video West Trades Accusations Over Ransoms

As world leaders try to forge a common response to the threat posed by Islamic State militants in Iraq and Syria, there is simmering tension over differing policies on paying ransoms. In the past month, the jihadist group has beheaded two Americans and one Briton. Both countries refuse to pay ransom money. As Henry Ridgwell reports for VOA from London, there is uncertainty in the approach of some other European nations.
Video

Video Scotland Independence Bid Stokes Global Interest

The people of Scotland are preparing to vote on whether to become independent and break away from the rest of Britain, in a referendum being watched carefully in many other countries. Some see it as a risky experiment; while others hope a successful vote for independence might energize their own separatist demands. Foreign immigrants to Scotland have a front row seat for the vote. VOA’s Henry Ridgwell spoke to some of them in Edinburgh.
Video

Video Washington DC Mural Artists Help Beautify City

Like many cities, Washington has a graffiti problem. Buildings and homes, especially in low-income neighborhoods, are often targets of illegal artwork. But as we hear from VOA’s Julie Taboh, officials in the nation's capital have come up with an innovative program that uses the talents of local artists to beautify the city.
Video

Video US Muslim Leaders Condemn Islamic State

Leaders of America's Muslim community are condemning the violent extremism of the Islamic State group in Iraq and Syria. The U.S. Muslim leaders say militants are exploiting their faith in a failed effort to justify violent extremism. VOA correspondent Meredith Buel reports.
Video

Video Americans' Reaction Mixed on Obama Strategy for Islamic State Militants

President Barack Obama’s televised speech on how the United States plans to “degrade and destroy” the group known as the Islamic State reached a prime-time audience of millions. And it came as Americans appear more willing to embrace a bolder, tougher approach to foreign policy. VOA producer Katherine Gypson and reporter Jeff Seldin have this report from Washington.
Video

Video Authorities Allege LA Fashion Industry-Cartel Ties

U.S. officials say they have broken up crime rings that funneled tens of millions of dollars from Mexican drug cartels through fashion businesses in Los Angeles. Mike O'Sullivan reports that authorities announced nine arrests, as 1,000 law enforcement agents fanned out through the city on Wednesday.
Video

Video Bedouin Woman Runs Successful Business in Palestinian City

A Bedouin woman is breaking social taboos by running a successful vacation resort in the Palestinian town of Jericho. Bedouins are a sub-group of Arabs known for their semi-nomadic lifestyle. Zlatica Hoke says the resort in the West Bank's Jordan Valley is a model of success for women in the region.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid