Greek Parliament Approves Austerity Bill

The Associated Press is reporting that the Greek Parliament has approved a crucial austerity and debt-relief bill to keep the country out of bankruptcy and remain a part of the eurozone.

From the AP:

Lawmakers voted early Monday in favor of the bill that imposes harsh new austerity measures in return for a euro130 billion ($171 billion) new bailout agreement and related deal with private creditors to shave euro100 billion ($132 billion) off the country’s national debt.

The vote occurred after extensive rioting and looting swept through the Greek capital.

We’ll have more updates as this story develops.

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