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Thread: Spain to Slash Wages to Cut Deficit; Unions Angry

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    Spain to Slash Wages to Cut Deficit; Unions Angry

    Following the European Union's nearly $1 trillion package to provide for financial stability and to help the EU's highly-indebted states address their liquidity needs, Spain moved to begin to address its budget deficits.

    CNBC reported:

    Spain will cut wages of state employees and slash investment spending, sparking union anger at the government's toughest moves yet to rein in a budget deficit some feared could ignite a bigger version of the Greek crisis...

    "We need to make a singular, exceptional and extraordinary effort to cut our public deficit and we must do so now that the economy is beginning to recover," Zapatero told parliament as he detailed the cuts totalling 15 billion euros ($19.05 billion) in 2010 and 2011.
    News Headlines

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    Re: Spain to Slash Wages to Cut Deficit; Unions Angry

    Spain may just be redeeming themselves. Good for them. Let's hope this is permanent.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Spain to Slash Wages to Cut Deficit; Unions Angry

    it's american money now

    congrats, president obama, IT'S YOURS!

    Debt Aid Package for Europe Took Nudge From Washington - NYTimes.com

    UPDATE 2-Greek workers call one-day strike May 20 | Reuters

    NO MORE BAILOUTS

    you can't bail out a boat with a broken bucket

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    Outer space potato man

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    Re: Spain to Slash Wages to Cut Deficit; Unions Angry

    If only it were so easy here. We'll need a lot more than wage cuts.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Spain to Slash Wages to Cut Deficit; Unions Angry

    Quote Originally Posted by Deuce View Post
    If only it were so easy here. We'll need a lot more than wage cuts.
    Yeah, you might have to give up wars

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    Re: Spain to Slash Wages to Cut Deficit; Unions Angry

    Quote Originally Posted by Jetboogieman View Post
    Yeah, you might have to give up wars
    AWWWW not the wars!
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  7. #7
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    Re: Spain to Slash Wages to Cut Deficit; Unions Angry

    Quote Originally Posted by Jetboogieman View Post
    Yeah, you might have to give up wars

    Well, that's outrageous. Outrageous I tell you.
    Wow. Am I awesome or what?

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    Re: Spain to Slash Wages to Cut Deficit; Unions Angry


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