Bulgaria: Up to 10,000 Protest IMF Ausertity
SOFIA, Bulgaria -- Up to 10,000 people gathered in downtown Sofia
on Wednesday to protest the country's unemployment, poverty and
The rally started with 2,000 marching in the capital's main streets,
waving purple union banners with slogans reading: ''No to poverty'' and
''We want jobs and a decent living, not charity.''
The march was organized by the main Confederation of Independent Unions,
which claims over 1 million members.
Bulgaria's government, which has been implementing an International
Monetary Fund-advised austerity program, is facing rising public
resentment because it has failed to raise living standards and deliver a
promised economic growth of 4 to 5 percent a year. Last year's growth in
gross domestic product was 2.5 percent.
State company closures led to massive layoffs. In January, there were
657,100 out of work, or 17.2 percent of the workforce in this country of
8.2 million. That's up from 14.2 percent in September.
Union leader Zhelyazko Hristov argued on state radio that the real
unemployment rate was about 25 percent, because many people without jobs
were not counted in state statistics.
Hristov added that 680,000 employees worked with temporary short-term
employment contracts, which employers may easily refuse to renew if
workers as too demanding about their rights.
- 194 World Financial Institutions