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November 6th, 2013 
FAKE NEWS for the Zionist agenda On Tuesday, a court prompted the regional television and radio broadcaster, Radio Televisio Valenciana (RTVV), to announce its closure.
RTVV previously intended to fire 1,000 of its 1,700 employees in an effort to keep running the company but the court rejected the decision as illegal.
“The only other course is sadly to close down the region’s public radio and television service. Taking back more than a 1,000 employees makes its survival impossible,” the Valencia regional government said in a statement.
“Just the cost of maintaining a workforce of 1,700 would require around 72 million euros… a cost the regional government cannot meet at the moment,” the statement added.
RTVV broadcasts Radio 9 station and a leading television channel called Canal 9 in the region.
Valencia is one of the 17 regional authorities on which tough budget targets has been imposed by the central government.
Meanwhile, in the capital Madrid, financial problems prompted street-sweepers to launch an open-ended strike against job and pay cuts.
“Faced with this situation of social exclusion, the workers have started an open-ended strike and it will continue as long as necessary until they stop this madness,” said Juan Carlos del Rio, a spokesman for the Union General de Trabajadores (UGT).
The companies which provide cleaners for the city’s streets and public gardens have announced 1,100 layoffs — about a fifth of their total staff — along with a 40 percent pay cut for some of the remaining workers.
Francisco Jargon, the chairman of the association grouping the five municipal cleaning companies, noted that there was “no solution in sight,” adding, “Madrid is going to get filthy.”
The Spanish government has been sharply criticized over austerity policies that are hitting the middle and working classes the hardest.
However, the government has remained adamant, saying the austerity measures are needed to carry it through the crisis.
Europe plunged into financial crisis in early 2008. Insolvency now threatens heavily debt-ridden countries such as Greece, Portugal, Italy, Ireland, and Spain.
The worsening debt crisis has forced EU governments to adopt harsh austerity measures and tough economic reforms, which have triggered massive demonstrations in many European countries.
NT/MHB/AS
Source Article from http://www.presstv.ir/detail/2013/11/06/333218/valencia-tv-radio-closed-due-to-cuts/
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