“Heartwarming” is what I think they meant to say.
One measure that's raising a lot of eyebrows: All cash transactions over 1000 euros will now be banned outright.
So, they are admitting running out of other peoples money top spend?
Maybe it’s time to break the mob and get that money into legitimate circulation?
Well, you spent yourselves broke and the bills have now come due.
Your predecessors should have taken care of business when the the pain was small.
Heart burning
“socialism works great until you run out of other people’s money”?
No matter how the deficits in these countries, including ours, are resolved, seniors will suffer. Either their defined benefits will be cut to cut the deficit and achieve a balanced budget, or some countries will inflate away their debts, but keep the payments the same, therefore cutting the purchasing power of the benefit.
The ‘new’ normal...
3-5 years away from happening here.
It’s one thing to tell them they have to work longer; but are there any jobs for them?
That’s a problem we’re going to have here—pension cuts (except for unions and government employees, they’ll be the last to feel it) and few jobs for those that will need them.
What an amazing distillation by this Minister: "The people who work have no more to give you"
I'm thinking the average Joe would respond to that.
I remember an article about FIAT’s workforce from a while back. Basically, the assembly line was retiring so young (still in their fifties) that periodically, there was effectively a whole new crew with very few senior cadre to break in new hires. Consequently, FIAT had to spend most of their revenue on human resources, both in training new people and paying the benefits and pensions of ‘old’ retirees.
62 and 65?? What was the retirement age before these so-called “reforms”?
“pension age will go to 62 years old for woman, and 65 years old for man.”
What? Where’s the equality in this rule?
The euros were stuffed into US treasuries by the fund management fairies, and we all lived happily ever after on trillions in debts.
Ignore the debt situation in our USA at your peril. No adequate manufacturing base, no sustainable revenues, no avoiding the default just ahead.
These socialists have been wrecking their economies in the name of helping the lil guy for generations and who gets hurt?
The rich and politicians.
Ah no, check that.
The lil guy.
Can’t wait to see the same thing in California.
I wonder if the Italian population still takes the entire month of August off for vacation.
Maybe tears and “I feel your pain” is like a spoonful of sugar making the medicine go down?