Greece: PM Papandreou Loses Support As Eurozone Hopes To Avert Contagion

A day after a general strike erupted into widespread riots in Greece’s capital, the situation in the troubled European nation appears as fragile as ever.  Olli Rehn, European Union (EU) Commissioner, announced that they had reached an agreement with the International Monetary Fund (IMF) to disburse to Greece the next €12 billion ($17 billion) tranche in bailout funds, under the condition that additional austerity measures are passed by Greek Parliament, raising dark clouds of uncertainty as Prime Minister George Papandreou’s political support wanes.

http://blogs.forbes.com/afontevecchia/2011/06/16/greece-pm-papandreou-loses-support-as-eurozone-hopes-to-avert-contagion/