Economic crisis in Greece could reach United States, IMF warns

Video: Violence seizes Athens as Greece passes austerity bill

Open in new window

2. Closed captioning of: Violence seizes Athens as Greece passes austerity bill

   Advertise | AdChoices

   >>> overseas this was a make or break day in grease, where the parliament held a key vote to deal with that nation's dire situation, one that's having a ripple effect as you may know around the world. the vote again brought people to the street. another day of a lot of violence there. cnbc's michelle caruso cab can brother row.

   >> this is the greek parliament voted to avoid bankruptcy. protesters set fire to the finance ministry .

   >> we cannot stand them, we cannot pay, we are not going to pay.

   >> reporter: when it was over, more than 100 were injured including 38 police officers . unrest is expected to continue as the government struggles to impose the five-year-old -- opposed by 80% of the pop lagsz. the president argued the suffering was necessary to avoid the country's collapse. support from two opposition lawmakers assured passage. but even a new $17 billion loan may not be enough to avoid financial meltdown.

   >> lots of people do not believe this can resolve the situation. i think congress needs to prove that this was a viable way out.

   >> chanceler andrea merkel held the vote as a really good piece of news. but thousands on the streets of@neof thens disagrees they hope to raise several billion by selling off the water company and the utility company and some of the country's beaches.

   >> i know it's been a long stay there, we appreciate your reporting here tonight.

   Show transcript