Only weeks after taking office, he appears to have concluded that shock therapy is in order and has set about drawing up plans to slash billions of dollars in government expenditures. The latest figure - subject to change- is that he wants to cut government expenditures for the rest of the year by at least $2.1 billion. The government expects a budget deficit of $2.8 billion in the first quarter alone, $700 million more than allowed under its IMF targets. IMF officials say they are inclined to be flexible to allow Lopez Murphy a chance to implement his ...
As I said, what should be done is known, but there is no possibility to do. Result?
Default, capital flight, poverty.,
Look who causes default: Give you the Greek case.
The highest paid echelons.
"Air traffic controllers, customs and tax officials, hospital doctors and schoolteachers walked off the job for 24 hours to protest sweeping government spending cuts that will freeze salaries and new hiring, cut bonuses and stipends and increase the average retirement age by two years to 63."
businessinsider.com
NOW COMPARE WITH ARGENTINA. SAME TYPE OF STRIKING PEOPLE !!:
As Cavallo was sworn in last week, teachers, airline employees and other public sector workers struck throughout Argentina, protesting what is certain to be a new onslaught against jobs, education, health care and what remains of the country's social welfare system. |
