Tough Love, Euro Style
How tough is the EU getting with Portugal as it gives that nation a $115 billion bailout? This tough: "However, the plan does not require the abolition of the 13th and 14th month of pay for civil servants."
posted by Donny Baseball at 3:37 PM
1 Comments:
Pronouncements by the elitist egalitarians at EU and IMF are far less important than the thoughts of Herr Jens Weidmann (http://www.marketwatch.com/story/bundesbank-renationalization-under-way-2011-05-09. The notion that those who create the wealth should have a more active role in how that wealth is used appears to be spreading. Good!
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