Wednesday, May 19, 2010

Sovereign banks

Financial Times:

Thousands of Romanian trade unionists and pensioners took to the streets to protest against public sector wage and benefit cuts on Wednesday in a test of Bucharest’s resolve to pass austerity measures required by international lenders.

And here I thought the protest was a test of Bucharest's resolve to pass measures required by Romanians!

1 comment:

drip said...

But the mums got there first.. The IMF requires some austerity from the government. I wonder if the stand-by agreement will allow the use of orphanages to get the moms back to work?