CNBC's Michelle Caruso-Cabrera reports that new austerity measures being voted on in Greece are causing a market selloff as rioters hit the streets.By Reuters
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ATHENS — Greek police fired teargas and water cannons at protesters hurling firebombs outside parliament on Wednesday in one of the biggest rallies in months against the cuts the country needed to secure aid and avert bankruptcy.
A majority of lawmakers passed the unpopular austerity bill, even as the rally attended by about 100,000 disintegrated into violence, with protesters and riot police fighting running battles in Syntagma Square.
Earlier, chaos reigned inside the assembly, where the session was briefly interrupted when parliamentary workers went on strike to protest a clause that would have cut their salaries. In a humiliating about-face, the government was forced to cancel the measure to allow the session to resume.
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