Greek Streets 'Explosive' as PM Faces Confidence Vote     Text
Size   Published: Tuesday, 21 Jun 2011 | 10:00 AM ET By: | Staff
Writer, CNBC.com   Pierre Verdy | AFP | Getty Images The former
Greek Prime Minister, George Papandreou  Pressures to avoid
bankruptcy intensified as rating agency Fitch said it would
consider a voluntary rollover of Greek bond maturities –
something European officials have been 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).  Voting is expected to take place at midnight, and most
analysts are predicting that Papandreou will survive the vote.
By bringing more PASOK party insiders into his cabinet – at the
expense of technocrats – the Prime Minister should be able to
head off opposition from wi