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Monday, June 20, 2011

Greek Prime Minister Faces a confidence vote today

by Calculated Risk on 6/20/2011 08:13:00 PM

Or maybe a "no confidence" vote ...

From Bloomberg: Papandreou Faces Confidence Vote That May Decide Greece’s Fate

Greek Prime Minister George Papandreou faces a confidence vote in his government today that may determine whether Greece becomes the first euro-area country to default.
The debate on the confidence motion, which began on June 19, will end around midnight.
If this is tonight (June 20), it is already after midnight in Athens.

I expect a vote of confidence ... I think everyone will try to put off a default for as long as possible.