© Matthew Buck Hack Cartoons

The Greek parliament has passed an emergency budget allowing delivery of loans from the International Monetary Fund and the European Central Bank which should prevent the government on its debts within the next three weeks. Reuters have a report here with more detail. There is also a lot of coverage of the ongoing riots across Greece – from MSNBC.

The IMF/ECB loan agreement involves the Greek government guaranteeing to sell many national assets to the private sector and hence the ‘gifts to the Greeks’ image above.