The Greek Prime Minister, George Papandreou was able to win a vote of confidence on property tax increase, where the Greek Parliament backed Papandreou's proposal, which aims to meet budget deficit targets to avert default.

The Greek Parliament vote results was announced late yesterday, after Evangelos Venizelos, the Greek finance minister called on Greek lawmakers to approve the measures to meet the budget deficit and avoid default, where Greece should meet the targets set by international lenders in order to obtain the next 8 billion euro tranche of 2010's bailout package.

Papandreou won a vote of confidence by 155 votes against 142, which eased some of the jitters regarding a Greek default and the debt crisis in Europe, where policy makers are taking actions and holding talks in order to find suitable and quick solution.

Moreover, the U.S. President Barrack Obama assured the importance of the actions taking by European governments; however Obama said that those measures are taking so much time, trying to take responsible actions, but those actions haven't been quite as quick as they need to be.