Crucial Greek vote

Parliamentary confidence vote threatens to trigger global banking crisis.
Prime Minister George Papandreou is struggling to hold on to power as opposition parties call for his resignation.
Papandreou has scrapped a referendum on a bailout deal between Greece and the European Union to avert a split in his party before a confidence vote scheduled for midnight tonight.
Papandreou’s inability to resolve the political gridlock pushes the country closer to the first default by a European Union nation.
If the Greek government cannot agree to accept Europe’ s bailout package, Greece could be kicked out of the 17-member euro zone.