Monday, September 19, 2011

Troika demands Greece fire 45,000 civil servants for new funds!

The terrible price for saving the electoral skins of Angela Merkel and Nicolas Sarkozy rose another notch last evening as an emergency meeting of the Greek cabinet was informed of the new firings required by the troika of the EU,IMF and ECB as available in The Australian, linked here, from which comes this quote:

As part of discussions with its creditors, Greece agreed in March this year to lay off 80,000 public-sector workers by 2015. But with the consent of the troika, the government has also hired around 25,000 new workers in the past two years to fill shortages in select areas of the public sector.
Now, with Greece unlikely to meet its deficit targets this year, the troika has upped the target for public-sector layoffs to 100,000 – demanding that the government proceed with its promised public-sector cutbacks while rescinding all new hiring made in the past 20 months.

Britain and the rest of the EU be warned! France and Germany jointly imposed the euro currency upon Europe knowing it would fail without fiscal and political union, France and Germany deliberately smashed the Growth and Stability pact which if honoured might have deferred the coming collapse and now France and German will sacrifice the rest of the EU to avoid the default of their national banks!

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