Massive Demonstration In Romania Protesting Austerity Measures

Romania’s workforce held a demonstration on Wednesday to protest the government’s new austerity measures that cut jobs and wages.

The demonstration by some 20,000 people, who gathered in front of the government headquarters in capital Bucharest to protest planned government wage-cuts, was one of the largest mass protests that the Eastern European country witnessed since the fall of Communism in 1989.

Six-month-old centrist government of Prime Minister Emil Boc was forced to announce austerity measures to bolster the country’s struggling economy and to meet a July deadline set by the International Monetary Fund (IMF) for the fifth tranche of a 20 billion-euro ($25 billion) loan.

The IMF has said it will disburse its next installment of aid only after Romania enforces a credible plan to reduce its budget deficit to 6.8 per cent of the Gross Domestic Product.

Read the rest here

Next Post

It’s Official: U.S. Government Website Declares There Are No Conspiracies

Sun May 23 , 2010
  Last week I posted a video commercial from the CFR that promotes all of the “wonderful” things it does. Now, the U.S. Department of State’s Bureau of International (Dis-)Information Programs website has a whole page called, “Conspiracy Theories and Misinformation.” No, gang, there’s nothing on the page about Weapons […]