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Keyword: salarytbills

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  • Portugal Considers Paying Public Workers In Treasury Bills Instead Of Cash

    04/07/2013 11:26:05 AM PDT · by dynachrome · 12 replies
    zerohedge.com ^ | 4-7-13 | tyler durden
    However, of more immediate concern is how will the government now plug a hole of up to €1.3 billion in its €5.3 billion 2013 budget. A solution has, luckily, presented itself: bypass the unconstitutional provisions by paying government workers not in cash, but in government bills! From the WSJ: The Portuguese government is considering a plan to pay public workers and pensioners one month of their salary in treasury bills rather than cash after a high court ruled out wage cuts, a person familiar with the situation said Sunday. "This is one of the ideas being considered," the person said....