Greek Prime Minister George Papandreou's reshuffled Cabinet survived a vote of confidence early Wednesday despite widespread opposition to budget cuts he says are needed to prevent a government default. International lenders have demanded Greece cut spending, lay off public workers, raise taxes and raise 50 billion euros ($71 billion) through selling off state-owned enterprises in exchange for another bailout deal for the cash-strapped nation. Weeks of protests against the austerity measures spurred Papandreou to shake up his government last week, leading to Wednesday's 155-143 vote. Analysts warn that a Greek default could cripple the euro, the European Union's common currency, and send shock waves throughout the world economy. Lawmakers are slated to vote on the privatization plan and further tax increases, pension cuts and layoffs on June 30, and European Commission President Jose Manuel Barroso warned Greece risks being abandoned by both Europe and the International Monetary Fund if it fails to act.