Greece approves spending cuts as protesters riot

The legislation features about $4 billion in severe budget trims, including 15,000 job reductions this year alone. Furious crowds chant outside Parliament, and several Athens buildings are set on fire.As thousands of protesters took to the streets and violence ripped through central Athens, Greece's Parliament approved yet another round of punishing spending cuts to secure international rescue funds and ease fears of a calamitous financial collapse, potentially perilous for global markets and Europe's single currency.