Greece backs austerity plan; ECB disappoints market


ATHENS/LONDON (Reuters) - The Greek parliament approved a harsh austerity plan on Thursday in the face of violent unrest, as European Central Bank inaction pushed down global markets fearful a debt crisis will engulf the euro zone.

Shock waves from a crisis in a relatively small European economy spread far beyond the continent, with Wall Street falling and the Federal Reserve expressing concern about potential consequences for the U.S. economy itself.

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