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The measures include slashing 15,000 public-sector jobs as part of a longer-term strategy to get rid of 150,000 civil servants.

The minimum wage is also to be cut by 20% to about 600 euros a month, and labour laws are to be liberalised to allow easier hiring and firing of staff.

Financial markets were up slightly after the austerity bill was passed.

But tens of thousands protested against the measures in Athens on Sunday night.

Most of the demonstrators protested peacefully, but small groups were involved in running battles with riot police.

They did huge damage to the city, attacking buildings with petrol bombs, and setting fire to banks, cinemas and cafes.

In all, 45 buildings are said to have burnt in the worst rioting for years. Other businesses were looted and badly damaged.

Continue reading the main story What went wrong in Greece?
 
Greece's economic reforms, which led to it abandoning the drachma as its currency in favour of the euro in 2002, made it easier for the country to borrow money.
 
Greece went on a big, debt-funded spending spree, including paying for high-profile projects such as the 2004 Athens Olympics, which went well over its budget.
 
The country was hit by the downturn, which meant it had to spend more on benefits and received less in taxes. There were also doubts about the accuracy of its economic statistics.
 
Greece's economic problems meant lenders started charging higher interest rates to lend it money. Widespread tax evasion also hit the government's coffers.
 
There have been demonstrations against the government's austerity measures to deal with its debt, such as cuts to public sector pay and pensions, reduced benefits and increased taxes.
 
The EU, IMF and European Central Bank agreed 229bn euros ($300bn; £190bn) of rescue loans for Greece. Prime Minister George Papandreou quit in November 2011 after trying to call a referendum.
 
Eurozone leaders are worried that if Greece were to default, and even leave the euro, it would cause a major financial crisis that could spread to much bigger economies such as Italy and Spain.
 
Under Prime Minister Lucas Papademos, Greece is trying to negotiate a big write-off of private debts and secure a second bail-out of 130bn euros ($170bn, £80bn) before a 20 March deadline.
BACK 1 of 8 NEXT At least 170 people, most of them police officers, were hurt during the disturbances, and dozens of people were arrested.

Firefighters were still damping down some of the blazes on Monday.

Eurozone finance ministers will closely monitor the situation in Greece before making further decisions on the bailout package at Wednesday's meeting.

They rejected a previous set of measures proposed by Athens, demanding an extra 325m euros in savings.

Passing the austerity bill has cost Greece's coalition more than 40 MPs, who were dismissed after refusing to back the plan.

Several ministers have resigned, and a small right-wing party Laos, the junior member of the coalition, also withdrew its co-operation.