Unions are protesting against the austerity measures that impact wages and question the Welfare State in some European countries. They notably blame the EU for determining aid to drastic wage adjustments, as recently in Ireland (see our dispatch No. 100860). Unions think that, in the long run, this approach might deprive banks of capitals by multiplying individuals’ failing payments. They add that these measures are disproportionate with regards the bonuses in force in banks: “Bankers continue to pocket their gains and democratize their losses” ETUC general secretary John Monks declared in a press release. “As the year comes to an end, bonuses are flowing making the contrast between private wealth and public austerity all the more obvious.”
g run, this approach might deprive banks of capitals by multiplying individuals’ failing payments. They add that these measures are disproportionate with regards the bonuses in force in banks: “Bankers continue to pocket their gains and democratize their losses” ETUC general secretary John Monks declared in a press release. “As the year comes to an end, bonuses are flowing making the contrast between private wealth and public austerity all the more obvious.”
Planet Labor, December 14, 2010, No
…Do you have information to share with us?