The amount paid in bonuses to City workers is forecast to rise to £6.8bn this year, up from £6bn in 2009, according to figures published today.
IMF officials have already signalled that the ruling socialists will have to toughen their budget-reduction policies with more cuts and increased tax revenue, in addition to the €4.8bn worth of painful austerity measures already taken this year... The average Greek has suffered a 30% drop in income since the measures were announced.As the old music hall song goes:
It's the same the whole world over,
It's the poor what gets the blame.
It's the rich what gets the pleasure.
Ain't it all a bleedin' shame?