Papandreou survives vote but euro remains in crisis

THE euro remained on a slippery slope last night as the EU failed to convince world leaders at the G20 summit to step in to shore up the currency.

But Greek Prime Minister George Papandreou won a vote of confidence in Athens bringing the country a step closer to receiving the €8 billion needed to keep it afloat later this month, and agreeing tough conditions for a new €130bn loan.

He is expected to go to the president today to get permission form a new unity government with smaller opposition parties and to step aside to allow his Finance Minister, Evangelos Venizelos, to take over.