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Romania pension cut ruled illegal
BBC News ^
| June 25, 2010
Posted on 06/26/2010 11:15:09 AM PDT by Cheap_Hessian
A top court in Romania has ruled out a pension cut demanded by the country's government as part of a deficit-cutting financial austerity measure.
The government wanted to cut state pensions by 15%, as well as slashing wages and welfare allowances.
But the Constitutional Court said the pension cut was unconstitutional, a ruling which cannot be appealed.
(Excerpt) Read more at news.bbc.co.uk ...
TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: austerity; economy; europe; romania
To: Cheap_Hessian
Coming to a state near you....
2
posted on
06/26/2010 11:32:46 AM PDT
by
central_va
(I won't be reconstructed, and I do not give a damn.)
To: Cheap_Hessian
3
posted on
06/26/2010 11:33:36 AM PDT
by
central_va
(I won't be reconstructed, and I do not give a damn.)
To: central_va
4
posted on
06/26/2010 11:35:32 AM PDT
by
Cheap_Hessian
(I am the Grim FReeper.)
To: Cheap_Hessian
Perhaps they can rule bankruptcy and the following destitution unconstitutional as well.
5
posted on
06/26/2010 11:36:01 AM PDT
by
The Good Doctor
(Democracy is the only system where you can vote for a tax that you can avoid the obligation to pay.)
To: Cheap_Hessian
unconstitutional I wonder if it's possible to write a country's constitution that makes all leftism unconstitutional. That would be a country that would last forever, and colonize Mars and beyond.
6
posted on
06/26/2010 11:40:29 AM PDT
by
Reeses
(Sowcialist: a voter bought with food stamps)
To: Cheap_Hessian
...,Do You Miss Me Now?
7
posted on
06/26/2010 11:41:59 AM PDT
by
Riodacat
(Never attribute to malice what can be adequately explained by stupidity.)
To: Reeses
That would be a great idea.
8
posted on
06/26/2010 11:48:00 AM PDT
by
wally_bert
(It's sheer elegance in its simplicity! - The Middleman)
To: Cheap_Hessian
The govt. should devalue the currency 15% then.
9
posted on
06/26/2010 11:55:34 AM PDT
by
central_va
(I won't be reconstructed, and I do not give a damn.)
To: central_va
No, not really, but a lot of things are priced in Euros, so you have to convert to Romanian Lei to figure the correct price.
10
posted on
06/26/2010 12:47:56 PM PDT
by
rawhide
To: AdmSmith; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...
The government wanted to cut state pensions by 15%
That's okay, they'll get it on the back end with death panels.
11
posted on
06/26/2010 2:17:27 PM PDT
by
SunkenCiv
("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
To: Cheap_Hessian
On one hand, government shouldn’t assume debts it can’t handle, especially on things that are a personal responsibility. On the other, rulings like this are what cause depressions.
12
posted on
06/26/2010 2:31:48 PM PDT
by
RWB Patriot
("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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