Thursday, October 14, 2010

AP: Romanian Finance Ministry staff protest wage cuts

Hundreds of employees at Romania's Finance Ministry and at finance institutes around the country have staged a protest over wage cuts.

Romania was forced to implement austerity measures in exchange for billions in bailout loans from the International Monetary Fund last year, sparking frequent demonstrations.

The package includes slashing public sector wages by a quarter and raising sales tax. The government says the measures are necessary to keep the budget deficit under control during recession.

About 100 employees gathered at the Finance Ministry's entrance Wednesday shouting, "You thieves! We want our money back!"

Antena 3 TV reported finance employees also protested in other cities, including Constanta, Arad, Deva and Timisoara.

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