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The vote in the Greek parliament on the mid-term bill is underway. Each of the 300 MPs will individually be asked what their vote is.

For your guidance, "ai" means "yes" in Greek, but "ochi" (sounds like okay) means "no".

1.30pm:

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Voting in parliament is due to begin shortly on the mid-term bill

Papandreou, the Greek Parliament: ". It is crucial that no family goes through the consequences of a total economic collapse"

13:06: Goldman Sachs chief economist Jim O'Neill was on Bloomberg just now. He said this is not just a sovereign debt crisis but a wider crisis about the "structure and leadership" of the eurozone. Asked what plan B might be if the Greek vote fails, he said: "Pray: Plan B is pray".

12:50: Here are a few interesting comments from below the line.

The first is on the police tactics and what likely happened after the vote.

12.23pm:, Guardian and Observer economics correspondent, and

You may be interested in the likely consequences for the Greek economy, the eurozone or for those holding Greek debt. Please post your questions in the comments section.

The Greek stock index is also buoyant and up over 3% on the day now. That 'sa 10% profit \ from Monday's lows.

However, there 'sa long history of "buy the rumor, sell the fact," in the Square Mile, the rally could burn out as soon as the verdict actually in. Especially since the world economy has its own problems with a stalling growth across the board. Other weaker
Members of the euro zone under pressure (Spain) or have already tried to implement unpopular austerity measures his own [Ireland, Portugal].

When Josh Raymond of City Index, put him in his latest trading note:

There is no end to the crisis, but vote yes. We still have to pass through the implementation of the package to see tomorrow and Greece will receive the next tranche of loans, when both factors would be expected to happen as a mere formality of today 's method. The markets have seen a strong bout of profit this week but still is somewhat severe headwinds for the global economy such as government bonds spread within the euro zone, the potential for a slowdown in Chinese growth and the end of the QE2 in the U.S.. To this end, we should pay attention to the potential for sharp bouts of profit taking.

The Guardian has video of the build-up to the vote, including the views of ordinary Greek people.

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Greek journalist Matina Stevis just tweeted news of fresh clashes:

10.54am:Alexander Marquardt, ABC News has a picture of protesters spread Maalox, upset stomach, on their faces, written to protect against tear gas.

10.42: The Guardian 's Helen Smith

Municipal employees have been working overtime to clean the square – hosing it down and in some cases painstakingly removing graffiti – but the detritus of battle is everywhere: in the shattered windows of shops and chain stores, the chipped marble facades of hotels, smashed pavements and broken entrances to metro stations. Even the trees are burned.

• France's CAC-40 was up 1.1%at 3,895.66.

Tax increases include

• A solidarity levy: At 1% for income between € 12,000 (€ 10,800) and 20,000 € per year, 2% for incomes between € 20,000 and € 50,000, 3% for those on € 50,000 to € 100,000, and 4% for People with an income of € 100,000 or more. The legislature and public office holders will pay a 5% rate.

• A lower tax-free limit: People will now pay tax on income over 8,000 € per year, compared to € 12,000. This basic tax rate will be set at 10%, with exceptions for persons under 30, over 65 and disabled.

• VAT: The VAT rate for restaurants and bars went from 13% to a new top tax rate of 23%. This rate covers already many products in stores, including clothing, alcohol, electronic goods and some professional services.