The serious talking has got underway in the Greek parliament and the protesters are back. Riot police are on high alert outside the building as thousands gathered to demonstrate against the vote on austerity measures. More than three billion euros of cuts is the price of a 130-billion-euro rescue package.
The result of the parliamentary vote is expected around midnight. Prime Minister, Lucas Papademos has warned kicking out the bill would be “economic chaos”. There have been fiery exchanges in the chamber, with one communist deputy throwing the bill to the floor.
There will be fresh newspaper headlines in the morning when the markets will react to the vote, which the coalition government is expected to pass.
It will be the second time in two years the Greeks will have received a bailout. The deadline is March 20 when the country must meet debt repayments of 14.5 billion euros.
In a German newspaper article Finance Minister, Wolfgang Schaeuble warned Greece must dramatically change its ways.