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Portugal Considers Paying Public Workers In Treasury Bills Instead Of Cash
"By paying one month of salary in T-bills to public workers and pensioners, the government would save an estimated 1.1 billion in expenses, narrowing the budget gap significantly."
| I will be interesting to see how this would be incorporated - my guess is the bill holders receiving a receipt for bonds kept in trust by the Govt. Is it possible for something to be worth less than nothing...? |
| Since the bond and the cash will shortly be worth the same thing, I think the answer to your question is, technically, 'no'... |
Posted by: Uncle Phester 2013-04-08 |
