New Greek PM wins key vote of confidence from parliament
November 16th, 2011
12:25 PM ET

New Greek PM wins key vote of confidence from parliament

[Updated at 12:25 p.m. ET] New Greek Prime Minister Lucas Papademos won a vote of confidence in the Greek parliament Wednesday, paving the way for his interim coalition government to take power.

He won the vote with 255 in favor to 38 against, as 293 votes were cast in the 300-seat Parliament.

[Posted at 11:11 a.m. ET] The new Greek prime minister, Lucas Papademos, faces a vote of confidence in Parliament on Wednesday, following his appointment to replace George Papandreou.

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.

Papademos, a former banker and European Central Bank vice president, became his country's interim prime minister Friday after several days of political wrangling.

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Filed under: Economy • Europe • European Union • Greece
soundoff (12 Responses)
  1. Paul Vargas

    USPS should sell the if it fits it ships boxes with postage at walmart , kmart, walgreens, so they can make money, and people can put the box ouside the door without having to go to the post office.

    November 16, 2011 at 12:31 pm | Report abuse |
  2. Paul Vargas

    We shouild charge a 25% sales tax on any product with less than 50-% US content.

    November 16, 2011 at 12:31 pm | Report abuse |
  3. Jerry

    Debating the story presented is only ONE side of the issue. Debating the reporting or what information is being given in that piece, is another. Question the Media at all times!

    November 16, 2011 at 2:00 pm | Report abuse |
  4. BOMBO

    He is the Fledgling PM. Fledgling.

    November 16, 2011 at 4:36 pm | Report abuse |
  5. banasy©

    I am a fledgling vampire. Fledgling.

    That's the only other time I've seen this word in print; Anne Rice novels.

    Perhaps I should be reading more nature books...
    Nah...

    November 16, 2011 at 5:37 pm | Report abuse |
  6. banasy©

    I, Personally, love the word 'gubernatorial'.
    So evocative.

    November 16, 2011 at 5:38 pm | Report abuse |
  7. Jerry

    @banasy, why would a goveners office be 'evocative'

    November 16, 2011 at 6:42 pm | Report abuse |
  8. Liberty or Death

    This guy is a bilderberger. You people better wake up and do your homework.

    November 16, 2011 at 7:54 pm | Report abuse |
  9. George Patton

    Now watch as Greece sinks ever deeper into it's very severe depression with this Lucas Papademos. As long as Greece stays within the Eurozone, things will only deteriorate further in that country. Then again, cutting their excessive military spending would help but has an agreement with their creditor allies not to do so!

    November 16, 2011 at 8:23 pm | Report abuse |
  10. bobcat (in a hat)

    I still like SUPERCALIFRAGILISTICEXPIELIDOCIOUS

    November 16, 2011 at 8:56 pm | Report abuse |
  11. banasy©

    @Jerry:
    Not the governor's office, the word "gubernatorial."
    Because it has "guber" in it...guber=goober...get it?
    Ah, never mind.

    November 18, 2011 at 8:52 am | Report abuse |
  12. Andreas Moser

    My only confidence vote for Greece concerns Souvlaki, Moussaka and Gyros.

    November 21, 2011 at 5:46 am | Report abuse |