Tuesday, 4 May 2010

Time for countries to curb spending

I was feeling quite sorry for the Greeks and their ongoing debt crisis until I learned that one of the sacrifices they are being asked to make is losing their 13th and 14th month salaries. A 13th and 14th month? No wonder the years seem to go so quick in other parts of the world, we're missing out on two months a year!

This stunning example of European self-entitlement (Greece is not the only country to enjoy such daft bonuses) reveals why some governments are now facing budget crises of epic proportions. In the case of Greece, which was given details of its bailout by the European Union and International Monetary Fund on Sunday, successive governments have also fiddled the figures to hide the true extent of how screwed up their economy is. more...


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