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Retirees called for the resignation of President Traian Basescu who last week announced a plan of austerity measures, including pension cuts and salary cuts in the public sector, to avoid raising main taxes.
Romania has about 1.4 million state employees and about 5.5 million retirees.
Similar protests were staged by thousands of other retirees across the country's major cities.
The International Monetary Fund said it recommended a series of "balanced" measures to lower Romania's growing budget deficit, but the authorities in Bucharest decided to rely almost entirely on public spending cuts.
Recession-hit Romania, which is relying on a EUR20 billion IMF-led loan, has pledged to drastically cut public spending and reign in this year's budget deficit to 6.8% of GDP. Cuts include a 25% reduction of public sector salaries and 15% of pensions, unemployment and other social benefits, as well as massive subsidy cuts.
Romania's first quarter gross domestic product shrank by 0.3% in real terms compared with the earlier quarter, a flash estimate of the National Statistics Institute showed Wednesday, which means the country is still in recession.
Unions have threatened Greek-style protests over the austerity plan and an ample protest of about 40,000 people will take place in Bucharest next week, on May 19, and teachers are set to go on full-blown strike as of May 31, boycotting national tests and threatening to freeze the school year.
About 1,000 retirees ended a protest outside the presidential palace in Bucharest, two hours later than planned and after brief scuffles with security forces.
In Iasi 500 students protested against the new education law.This education law will ban students from the university council,taxes will triple,campus taxes will also triple,schoolarships will go down 50% and many more absurd measures.
Originally posted by john124
Greece, Romania, Ireland, Ukraine, then Spain, UK, Portugal Italy & then next is the US then China.
UK already in a death spiral with no way to pay for the rest of the debt now job growth is guaranteed to never happen after 10 billion taken out of the economy today by the tories. The rest of the debt will be written off, just like in Spain where they have half of 16-25 year olds out of work, and 20% unemployment.
We are already in the greatest depression. Without jobs in construction to stimulate growth, we soon won't be able to afford to buy crap from china anymore, so the death spiral continues to china after EU & US.
These unprecedented events are likely to lead to the first great war of the 21st century.
[edit on 12-5-2010 by john124]
Originally posted by SourGrapes
reply to post by xSeraphim
Not ignored, more like frightened. Frightened for you, and for us. Not sure what to say or how to stop it.
Sen. John McCain’s (R-Ariz.) Dietary Supplement Bill, S. 3002
the FDA’s control over the right to grow, own, trade, transport, share, serve or eat every food under the sun or morsel that one chooses to put into one’s mouth. The government would be in charge of managing and controlling every aspect of agriculture and food, from seeds to chemicals to animals and their waste; from producers to sellers to consumers, nothing would be safe from their intrusive grasp. It would be a jungle of regulatory schemes and rules that would choke the existing free market food system. It is in essence, a government takeover of food.
Originally posted by xSeraphim
Recession-hit Romania, which is relying on a EUR20 billion IMF-led loan, has pledged to drastically cut public spending and reign in this year's budget deficit to 6.8% of GDP. Cuts include a 25% reduction of public sector salaries and 15% of pensions, unemployment and other social benefits, as well as massive subsidy cuts.
Originally posted by Truth1000
The amazing thing is that while people don't want to work, they still want someone to pay for the lack of production their early retirements cause.
We seem to believe that noone is responsible for their own actions!