by Calculated Risk on 6/20/2011 08:13:00 PM
Monday, June 20, 2011
Greek Prime Minister Faces a confidence vote today
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.If this is tonight (June 20), it is already after midnight in Athens.
...
The debate on the confidence motion, which began on June 19, will end around midnight.
I expect a vote of confidence ... I think everyone will try to put off a default for as long as possible.