Confidence in what, exactly?

Papandreou got what he was after, a vote of support strong enough to keep him securely in power for a while longer. Nice headline in Der Spiegel though, and Al-Jazeera reports:

'The mood in financial markets was calm after the confidence vote, especially when compared to the firestorm last week when Papandreou's government was teetering on the brink following violent protests against the new austerity measures.'

Good news - i will stop worrying about my own miniscule bank account succumbing to death by euro collapse. Whew! Thank you Mr. Sarkozy! Congratulations Frau Merkel! Unfortunately, this puts me at odds with a large number of Greeks, who probably share the sentiments of this engineering student: "It is completely unfair that the money of the poor is used to save the banks." Fairness? What's that got to do with banking and investor confidence? These ungrateful people should retire to their libraries and spend their copious free time (afforded them by strikes and unemployment) reciting Socrates to each other. 'Could I climb to the highest place in Athens, I would lift my voice and proclaim, "Fellow citizens, why do you turn and scrape every stone to gather wealth, and take so little care of your children to whom one day you must relinquish it all?"'