That number is the result of a confidence vote today by the Greek parliament in Greek Prime Minister George Papandreou. Papandreou won the confidence vote by a margin of 8 votes.
Very close, huh?
That's how close we were to having global financial markets nosedive on Monday. The very notion of the confidence vote shook investor's confidence, one of the major reasons the stock market slid today. Greece, which has caused world financial markets to plunge earlier in the week due to its surprise decision to establish a referendum (which it later retracted) on the austerity vote, has the world spotlight, albeit in the most unfavorable scenario possible. It's amazing how captivated the world is by this debacle in Greece and the Eurozone and how much of it is affected by the Hellenistic internal drama; It is a rare occasion, indeed, when the U.S. financial markets are dominated by European decisions and completely sideline their own domestic issues.
Personally, I believe that our fears of a complete Vesuvian-esque meltdown of Greece and the Eurozone is unwarranted, but it seems as if the adage "When the U.S. sneezes, Europe catches a cold" needs a little tweaking:
When Europe gets sent to the ER room, we brace for MRSA.