So the governments and banks are doing the exact same thing that didn’t work here. Freedom!
(Reuters) – While workers protest against austerity measures on the streets, cash-strapped Europeans are feeling the pain at home, struggling to pay for heating as winter approaches, reviving soup kitchens for the poorest and getting rid of costly pets.
The debt crisis now ravaging the euro zone has seen governments cut spending, including to welfare programs, and raise taxes. Unemployment is rising and many Europeans are planning for a bleaker future.
Romanian mayor Florin Cazacu staged a six-day hunger strike last week over cuts to heating subsidies which meant his town of Brad could not afford fuel oil and 10,000 of its residents, public institutions and hospital faced a bitter winter.