Greek PM faces crucial confidence vote
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Greek Prime Minister George Papandreou faces a crucial parliamentary vote of confidence in the new cabinet he formed to face down increasing opposition to austerity measures needed to avoid a national debt default.
A default by Greece, where the country finds itself unable to pay back its debts, could spark a financial maelstrom around the world, dragging down Greek and European banks as well as stoking renewed fears over the public finances of other euro countries, such as Portugal, Ireland and Spain. (AP)