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Romania pension cut ruled illegal
BBC News ^ | June 25, 2010

Posted on 06/26/2010 11:15:09 AM PDT by Cheap_Hessian

A top court in Romania has ruled out a pension cut demanded by the country's government as part of a deficit-cutting financial austerity measure.

The government wanted to cut state pensions by 15%, as well as slashing wages and welfare allowances.

But the Constitutional Court said the pension cut was unconstitutional, a ruling which cannot be appealed.

(Excerpt) Read more at news.bbc.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: austerity; economy; europe; romania

1 posted on 06/26/2010 11:15:12 AM PDT by Cheap_Hessian
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To: Cheap_Hessian

Coming to a state near you....


2 posted on 06/26/2010 11:32:46 AM PDT by central_va (I won't be reconstructed, and I do not give a damn.)
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To: Cheap_Hessian

Are they on the euro?


3 posted on 06/26/2010 11:33:36 AM PDT by central_va (I won't be reconstructed, and I do not give a damn.)
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To: central_va
Are they on the euro?

No

4 posted on 06/26/2010 11:35:32 AM PDT by Cheap_Hessian (I am the Grim FReeper.)
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To: Cheap_Hessian

Perhaps they can rule bankruptcy and the following destitution unconstitutional as well.


5 posted on 06/26/2010 11:36:01 AM PDT by The Good Doctor (Democracy is the only system where you can vote for a tax that you can avoid the obligation to pay.)
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To: Cheap_Hessian
unconstitutional

I wonder if it's possible to write a country's constitution that makes all leftism unconstitutional. That would be a country that would last forever, and colonize Mars and beyond.

6 posted on 06/26/2010 11:40:29 AM PDT by Reeses (Sowcialist: a voter bought with food stamps)
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To: Cheap_Hessian

...,Do You Miss Me Now?
7 posted on 06/26/2010 11:41:59 AM PDT by Riodacat (Never attribute to malice what can be adequately explained by stupidity.)
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To: Reeses

That would be a great idea.


8 posted on 06/26/2010 11:48:00 AM PDT by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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To: Cheap_Hessian

The govt. should devalue the currency 15% then.


9 posted on 06/26/2010 11:55:34 AM PDT by central_va (I won't be reconstructed, and I do not give a damn.)
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To: central_va

No, not really, but a lot of things are priced in Euros, so you have to convert to Romanian Lei to figure the correct price.


10 posted on 06/26/2010 12:47:56 PM PDT by rawhide
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To: AdmSmith; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...
The government wanted to cut state pensions by 15%
That's okay, they'll get it on the back end with death panels.
11 posted on 06/26/2010 2:17:27 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: Cheap_Hessian

On one hand, government shouldn’t assume debts it can’t handle, especially on things that are a personal responsibility. On the other, rulings like this are what cause depressions.


12 posted on 06/26/2010 2:31:48 PM PDT by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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