We are next as cities and states face bankruptcy from bloated public sector union wages and benefits.

BBC News

EXCERPTS:

‘The country’s trade unions said they believed the government wanted to “overthrow” workers’ rights, on top of cutting public sector wages and pensions.’

‘On Friday evening, Finance Minister George Papaconstantinou said it was on track to reduce its budget deficit from 13.6% of GDP in 2009 to 8.1% this year, and pledged to maintain the pace.’

‘Mr Papaconstantinou said he planned to overhaul several state-run corporations including the Greek Railway Company, which has 10.7bn euros of debts.’

FULL STORY

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