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Greek Parliament Passes Key Austerity Bill
Greece's lawmakers approved a key austerity bill, paving the way for the country to get its next bailout loans that will prevent it from defaulting next month.

The unpopular €28 billion ($40 billion), five-year package of spending cuts and tax rises was backed by a majority of the 300-member parliament Wednesday, including Socialist deputy Alexandros Athanassiadis, who had previously vowed to vote against.

The European Union and International Monetary Fund have demanded the austerity measures pass before they approve the release of a €12 billion loan installment from last year's rescue package.

The vote took place amid clashes between police and protesters outside Parliament.

http://online.wsj.com/article/SB10001424052702304584004576415071607671398.html?mod=djemalertMARKET