13 February, 2012

CNN Breaking News

Lawmakers in Greece have voted to approve another round of austerity measures, sought in return for a new eurozone bailout of the debt-stricken country.

As lawmakers debated, police turned tear gas and stun grenades on protesters outside Greece's Parliament. Several buildings, including a bank, cafes and a movie theater, were ablaze in Athens.

The package, which includes deep cuts in government spending, wages and pensions, will help pave the way for eurozone finance ministers to sign off on the new 130 billion euro bailout deal (that’s about $172.6 billion).

Greece needs the funds to meet €14.5 billion in debt repayments due next month.

Prime Minister Lucas Papademos had also urged approval of the deal, warning in a speech to the Cabinet on Saturday evening of "social explosion, chaos" if it failed.

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