Ex-Economy Minister: Bulgaria Unlikely to Enter Eurozone in Early 2025
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Greece's New Cabinet Wins Confidence Vote
World | November 16, 2011, Wednesday // 19:49
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Greece`s newly appointed Prime Minister Lucas Papademos listens during the second day of the confidence vote debate in Athens, Greece, 15 November 2011. EPA/BGNES
Greece's new coalition government headed by Prime Minister Lukas Papademos secured enough votes to win the confidence vote in the country's parliament on Wednesday.
A total of 255 lawmakers in the country's 300-member parliament voted in favor of the new government that was formed last week by the majority Socialists, rival conservatives and a small right-wing nationalist party.
Only 38 MPs voted against, while the remaining seven were absent.
The success backs a pledge by Papademos to speed up long-term reforms and secure a massive new bailout deal involving banks and rescue creditors, The Independent points out.
Papademos' temporary coalition government is expected to be in power for just a few months. It is entrusted wish pushing through the new debt deal agreed on last month and securing a vital installment of Greece's initial bailout loan.
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