I thought I'd start a thread on the serious cuts taking place in man Euro countries, mainly to their public services.
The new British government is taking a big slice immediately.
Here are some other brief stats I'm pulling from Business Week (ah, actually the "new" Bloomberg Busisweek)
- Germany, plans on slashing public-sector jobs, reducing subsidies for families (no details given)
- Spain, cutting %5 of public servant wages; public service pay frozen in 2011
- Ireland has cut public service pay by %13; new taxes planned
The British cuts are currently most publicized but I'm too lazy to search for a link right now. Fairly steep cuts, plus 4% on the VAT.
I wonder if Canadian pols will be following the trend, and clearly this will have a strong effect on our public servants.