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Greek Streets ‘Explosive’ as PM Faces Confidence Vote

Posted By admin On June 21, 2011 @ 4:00 am In World News | Comments Disabled

Peter Guest
CNBC.com [1]
June 21, 2011

European stocks rose early Tuesday and the euro stabilized versus the Swiss franc on hopes that euro zone officials will find a way to prevent a Greek default.

Pressures to avoid bankruptcy intensified as rating agency Fitch said it would consider a voluntary rollover of Greek bond maturities – something European officials were hoping to achieve – as a default and would cut the country’s rating.

The new Greek government faces a vote of confidence on Tuesday night, with the outcome critical to the survival of the government, and to the disbursal of loans from the ‘Troika’ of the European Union (EU), International Monetary Fund (IMF) and European Central Bank (ECB).

Persistent protests in Athens’ Syntagma Square show that the Greek people feel increasingly disenfranchised with their political system and analysts told CNBC that the growing separation between the government and the population over austerity could prove ‘explosive’.

Full article here [1]

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Greek Streets Explosive as PM Faces Confidence Vote 260310banner2 [3]


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URLs in this post:

[1] CNBC.com: http://www.cnbc.com/id/43464308

[2] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[3] Image: http://purewaterfreedom.com/

[4] European Banks Sink on Greek Vote Bombshell: http://www.prisonplanet.com/european-banks-sink-on-greek-vote-bombshell.html

[5] ECB Will Continue to Accept Greek Debt: http://www.prisonplanet.com/ecb-will-continue-to-accept-greek-debt.html

[6] Wall Street Knee-Jerk Response To Favorable Greek Vote Of Confidence: http://www.prisonplanet.com/wall-street-knee-jerk-response-to-favorable-greek-vote-of-confidence.html

[7] Greek Ruling Party Members Rebel: Another MP To Vote Against Bailout So “He Can Safely Walk The Streets”: http://www.prisonplanet.com/greek-ruling-party-members-rebel-another-mp-to-vote-against-bailout-so-he-can-safely-walk-the-streets.html

[8] Greek Pensioner Hangs Himself In Protest That “Greece Will Be Wiped Off The Map”: http://www.prisonplanet.com/greek-pensioner-hangs-himself-in-protest-that-greece-will-be-wiped-off-the-map.html

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