Greek parliament passed early Monday by a two thirds majority a new austerity deal for a second bailout loans from EU and International Monetary Fund creditors to avoid a full-scale default next month, Greek media reported.

The new austerity deal was demanded by the eurozone and IMF in return for a 130bn-euro ($170bn; ￡110bn) bailout to avoid default.

The final official result is expected to be announced shortly after.

The austerity measures include:

--15,000 public-sector job cuts;

--liberalisation of labour laws;

--lowering the minimum wage by 20% from 751 euros a month to 600 euros;

--negotiating a debt write-off with banks.