Greece out of the frying pan

Following the passage of an extreme austerity package last week, Greece has bought itself some time, but it is not out of the fire yet. Anthee Carassava reports from Athens

2nd July, 2011

Greek prime minister George Papandreou managed to eke out support for a new austerity package last week, but deeper questions still loom about the country’s ability to service its €340 billion debt.

In a high-stakes, high-drama week of parliamentary debate and social violence, Papandreou was backed by all of his 155 lawmakers, bar one, facing down a revolt by at least four of his own who threatened to vote against the measures.

All were...

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