Greek PM George Papandreou - backing austerity plan is 'patriotic duty'

Gareek Prime Minister George Papandreou told parliament that the austerity plan of his government is the only chance for countries to get back on its feet.

Greek Prime Minister To Reshuffle Cabinet

Europe has been watching carefully as the Greek government meets to tackle the economic crisis crippling.

After a week of protests, Prime Minister George Papandreou has appointed a new finance minister, Evangelos Venizelos. Venizelos, who had previously defended portfolio also becomes deputy prime minister.

Riot in Greece - Political Chaos Hammer Markets

Greece's prime minister, struggling to get congressional approval of a law of austerity, said Wednesday that he would reshuffle his Cabinet and ask for a vote of confidence for his new coalition government after talks with the opposition parties.