"The Greek people trusted us to govern at one of the most critical moments in Greece's history," he told parliament as he outlined his main policies ahead of a confidence vote on Sunday. "The situation of our economy is explosive."

Papandreou, whose socialists won October 4 elections pledging to tax the rich and support the poor, as well a stimulus package for the slowing economy, said restoring Greece's credibility was a top priority.

(Reporting by Dina Kyriakidou; Editing by Ingrid Melander)