Spanish public sector workers in strike amid spending cuts

| June 8, 2010 | 0 Comments
Spanish public sector workers in strike amid spending cuts

Spanish public sector workers will go on strike today to protest against austerity measures, which include average cuts this year to public workers’ salaries of 5%.

As well as a 5% cut for civil servants, there will be severe cuts in public investment and development aid.

Today’s strikes, which have been set up by Spain’s biggest trade unions (the CCOO and the UGT), come after similar measures were introduced in Greece.

Over two million public workers are expected to join the strike, ranging from doctors, schools, fire stations and local Government.

However, many will be fearful of the strikes after Greek workers staged strikes across the country which led to three deaths in Athens last month.

Meanwhile, Spain’s two-year recession has resulted in the Government aiming to reduce the country’s budget deficit, which is currently 11% of GDP.

Spain aims to reduce the deficit to 6% by 2011.

The Spanish economy, which is the euro zone’s fourth largest, exited recession in the first quarter of the year after experiencing growth of just 0.1% – ending a run of seven consecutive quarters of contraction.

In the meantime, German Chancellor Angela Merkel yesterday unveiled austerity measures after she said Germany cannot live beyond its means.

The country’s public deficit currently stands at 3.3% of GDP and the public debt rose to 73.2% – exceeding the 60% level set by Brussels.

Germany will cut the budget deficit by a record €80 billion (£66 billion) over the next 5-6 years.

Similar measures have been introduced in Portugal and Italy, while in London, Prime Minister David Cameron has warned of painful cuts to come.

Tags: , , , , , , , , , , , workers

Comments (0)

Trackback URL | Comments RSS Feed

There are no comments yet. Why not be the first to speak your mind.

Leave a Reply

Visited 1816 times, 1 so far today