Greece Set to Vote on Final Spending Cuts

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Greece will take a giant step to dig itself out of a financial mess and to clean up a mess on its streets after violent protesting.

Lawmakers are committed to pass a bill to fast-track fresh austerity measures demanded by the country's creditors.

On Wednesday, the parliament approved the five-year, $40 billion austerity package of spending cuts and tax increases. The details of spending cuts must be worked out on Thursday.

If the austerity measures are cleared, the eurozone and the International Monetary Fund are expected to release the $17 billion still due from last year's package of rescue loans for Greece.

Without the financial assistance, Greece faces bankruptcy as soon as mid-July.

Meanwhile, Athens residents are clearing debris after violent protests in the capital city.

On Wednesday, riot police clashed for a second straight day with protesters displeased with austerity measures being imposed in Greece.

At least 200 people were injured, including a lawmaker who voted for the package at the last minute.

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