Parliament considers bill ratifying changes to European Financial Stability Fund.

Default on its $483 bln of government debt could create global shock waves.

Default on its $483 bln of government debt could create global shock waves.

Monitors assess whether Papandreos can meet rescue loan conditions.

Monitors assess whether Papandreos can meet rescue loan conditions.

Risk of default recedes on passage of austerity plan.

Risk of default recedes on passage of austerity plan.

Next step: Passing austerity measures to secure additional financial aid.