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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-04-11 05:09 PM
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Greek confidence vote..
Edited on Fri Nov-04-11 05:44 PM by DCBob
ATHENS (Reuters) - Greek parliamentarians prepared to give their verdict on Prime Minister George Papandreou on Friday in a confidence vote, with many demanding a national unity government to decide the fate of the nation's European bailout and the global economy.

Analysts declared the outcome too tight to forecast, but had a hunch Papandreou might just survive as would-be rebels in his party said they would back their leader one last time -- if he explicitly promised to make way for a national unity government immediately afterwards.

"The prime minister must make his intentions clear tonight. We cannot afford to have chaos and anarchy tomorrow," Sofia Giannaka, a lawmaker in Papandreou's socialist PASOK party, said before the vote expected as late as midnight (2200 GMT).

http://af.reuters.com/article/worldNews/idAFTRE7A009X20111104

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About to happen within the next few moments. Fox and CNBC are covering it.

Sounds like a make or break deal. If Papandreou loses this vote the EU bailout deal will be in limbo. I think he barely gets the votes but with the guarantee for elections within next few months. If that happens then deal will likely go through as planned. But it could all unravel if he loses this vote. This is big.

update: as far as I can tell no network is covering this at the moment but the vote should occur within the hour.

live comments: http://live.reuters.com/Event/Euro_zone_debt_crisis

voting now: so far yes votes slightly ahead of no vote. (Faux biz.. sorry they are only ones covering this)

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