IMF wants wage cuts in the Greek private Sector!

[thornlessrose]

The IMF wants to cut the wages of the Greek private sector! This is INSANE! Greeks work longer hours and are paid much less than thier European Counterparts.

[emman]

Εφυγε ο 14ος μισθός,πάει και ο 13ος... και θα μείνουμε εμείς και οι 12 μισθοί του Ολύμπου !!!!!!!

Το focus θα επανέλθει με καινούργιο χαρούμενο εξώφυλλο....

[thornlessrose]

Εφυγε ο 14ος μισθός,πάει και ο 13ος... και θα μείνουμε εμείς και οι 12 μισθοί του Ολύμπου !!!!!!!

Το focus θα επανέλθει με καινούργιο χαρούμενο εξώφυλλο....

Καλό!

[thornlessrose]

And is is something posted by Mark Thomas at http://economistsview.typepad.com/econo ... ethic.html

Do Greeks work less than Germans?:

About That Mediterranean Work Ethic, Twenty Cent Paradigms: According to many accounts of the financial crisis in Europe, one reason intervention has been slow is that it is hard to convince Germans, widely seen by themselves and others as hard-working, thrifty and virtuous, to "bail out" those lazy, spendthrift Greeks....according to the OECD, the average Greek worker logs 2120 hours per year - 690 more than a German worker.

View the link to see the accompanying Graph...
http://economistsview.typepad.com/econo ... ethic.html

Thanks Mark!

[thornlessrose]

Romanians demand cuts to satisfy IMF be scrapped
http://www.irishtimes.com/newspaper/wor ... 10886.html

TENS OF thousands of Romanians rallied in their capital Bucharest yesterday to demand the government scrap plans to slash wages and benefits to secure payment of a vital international loan.

Some 40,000 people took part in one of Romania’s biggest demonstrations since the revolution that toppled communist dictator Nicolae Ceausescu in 1989, and many participants warned of the potential for huge strikes and street violence unless austerity plans were eased.

President Traian Basescu announced this month that salaries for state workers would be cut by 25 per cent and pensions and other benefits reduced by 15 per cent to help curb a ballooning budget deficit and fulfil a pledge to the International Monetary Fund.

The IMF will only pay the next instalment of a €20 billion emergency loan if the government makes painful cutbacks to shrink the current 6.8 per cent budget deficit, which experts say could swell to 9 per cent of gross domestic product this year unless major savings are made.

Central bank governor Mugur Isarescu said recently that the Romanian state could currently pay for only about two-thirds of its monthly outgoings, and had to borrow to cover the rest.

“Today is the most important solidarity test for the trade union movement in Romania,” said one union boss, Marius Petcu. “We are many, we are strong and, today, here, we are all very unhappy,” he added, before urging Mr Basescu and his centre-right government to resign.

Successive governments since 1989 have failed to scale down Romania’s bloated, inefficient and corrupt public sector. It employs about one-third of the working population, while pensions and other benefits account for some two-thirds of the state budget.

A credit-fuelled boom that coincided with Romania’s 2007 entry into the European Union helped paper over the budgetary cracks, but the economic crisis has sent the country of 21 million people tumbling into recession and made it very hard for the government to keep funding its deficit.

Unions say they are prepared to launch a general strike at the end of this month to stop the austerity measures, which the IMF wants to see approved before July.

“Protests will be worse than in Greece,” said pensioner Maria Ungureanu. “We have to protest violently to make the government step down. I am willing to die in the streets; maybe my children and grandchildren will live a better life,” she said.

[firefightergr]

Nigel Farage on the Rise of UKIP, the Fall of Europe, and the Parallels for the US

Angela Merkel does not care if whole Greece starves ,she only cares about keeping the EU with all of its members.

[firefightergr]

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