Papademos wins key vote
The new Greek prime minister, Lucas Papademos, won a vote of confidence in Parliament on Wednesday, following his appointment to replace George Papandreou.
The motion was passed by 255 in favour to 38 against, as 293 of Parliament's 300 lawmakers cast a vote.
The vote paves the way for Papademos's government of national unity to take the reins and seek to restore political and financial stability in Greece.
Papandreou quit last week, forced out by public anger at the budget cuts he was pushing through to get international funds to pay his country's debts.
Fears that Greece might default caused shock waves through the European and American banking systems and sent stock markets on a wild ride that at times wiped billions of dollars of value out of existence.
Comments