Greek austerity bill gets the nod

FINAL approval was given to Greece’s latest austerity bill in a vote last night.

The bill was the latest in a series of measures cutting wages and increasing taxes. If rejected, Greece would not have received the latest €8bn tranche of its EU and IMF bailout.

The measures prompted a 48 general strike, starting on Wednesday. Up to 100,000 protesters gathered outside the parliament.

Meanwhile yields on 10-year Spanish bonds came in lower yesterday than those seen before Spain’s Tuesday downgrade. Yet yields in a French bond auction rose on last month.