Such measures include slashing one in five civil service jobs and cutting the minimum wage by more than a fifth.
In exchange, Greece will get a second bailout worth 130 billlion euro to pay off its creditors and avoid a default next month.
Greek Finance Minister Evangelos Venizelos had urged lawmakers to pass the measures “to save the country.”
“We have to save the country, the citizens will not forgive us if we do not.”
The ruling Socialists and their coalition party, the right-wing New Democracy, had a majority in the 300-seat parliament to secure passage, despite some defections from both.
The vote came as rioters set fire to several buildings in Athens in a show of public anger over the measures.
Police say more than 80 people were hurt in clashes, including 30 police officers.
Dozens of arrests have been made.
Earlier, tens of thousands marched on parliament to express their displeasure with more austerity measures.
Greece is already into a fifth year of recession.
Unemployment stands at a record 18 percent. Greeks have already faced tax hikes and other austerity measures and patience for more is running out.
Ahead of the vote, German Finance Minister Wolfgang Schaeuble was quoted as saying Greece “cannot be a bottomless pit.”
He said it was up to Greeks to decide whether the country remained in the euro zone.
European finance ministers are now set to meet February 16 to discuss whether the action taken by the Greek parliament is enough to release this second bailout from the European Union, International Monetary Fund, and European Central Bank.
Greece got its first bailout in May 2010, amounting to 110 billion euro.
compiled from agency reports
Source Article from http://www.rferl.org/content/greece_austerity_bailout_/24481819.html
