19 October 2011 Last updated at 15:03 ET

Greece MPs back austerity plans

A demonstrator throws a stone in Athens There have been riots protesting against the latest austerity measures

Global Economy

The Greek parliament has given initial approval to an austerity law, with the bill passing its first vote by a margin of 155 to 141.

The bill will not become law until it has passed a second vote on its detail, due to take place on Thursday.

The measures include tax rises, pension and salary cuts and the suspension on reduced pay of 30,000 public servants.

Riots broke out in Athens on Wednesday at the start of a 48-hour general strike against the bill.

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