ATHENS — Greece’s Parliament passed a crucial austerity bill early Thursday in a vote so close that it left the coalition government reeling from dissent.
The bill, which will further slash pensions and salaries, passed 153 to 128 in the 300-member Parliament. It came hours after rioters rampaged outside Parliament during an 80,000-strong antiausterity demonstration, clashing with police who responded with tear gas, stun grenades, and water cannons.
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The E.U. is throwing good money after bad. Greece has very little private sector economic activity and a huge and grossly overcompensated public sector (sort of like Massachusetts). They're going belly-up; it's just a question of when.