Greek Parliament passes austerity measures - riots continue in the the streets of Athens

News and video from CNN:  http://www.cnn.com/2012/02/12/world/europe/greece-debt-crisis/index.html?hpt=hp_t1

The passage of the austerity measures will clear the way for the next round of funding for Greece, avoiding a messy default for now, but Greece will need to do even more cuts going forward in order to meet the demands of  Eurozone leaders, the IMF and ECB. 

From the New York Times "But the chaos on the streets of Athens, where more than 80,000 people turned out to protest, and in other cities across Greece reflected a growing dread — certainly among Greeks, but also among economists and perhaps even European officials — that the sharp belt-tightening and the bailout money it brings will still not be enough to keep the country from going over a precipice." More http://www.nytimes.com/2012/02/13/world/europe/greeks-pessimistic-in-anti-austerity-protests.html?_r=1&ref=world

A bleak view of the situation on the ground in Greece from a UK Guardian reporter in Athens:
http://www.guardian.co.uk/world/2012/feb/12/greece-cant-take-any-more