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Confidence vote next hurdle in Greece crisis
Greek Prime Minister George Papandreou faces a no-confidence vote late Tuesday, marking a potentially high-stakes turning point in the nation’s fight to avoid default. International markets appeared relatively confident that Papandreou, who reshuffled his cabinet last week in an effort to win support for unpopular, additional austerity measures, would survive. The parliamentary vote is expected to take place near midnight Athens time, or 5 p.m. Eastern. Ahead of the vote, global equities and the euro rallied, with the shared currency /quotes/zigman/4867933/sampled EURUSD +0.6118% rising to $1.4409 from ... (full story)
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