The World - News from March 18, 1986
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The pressure against austerity proposals in Panama intensified when a group of industrialists--the Manufacturing Union of Panama--sided with labor, beginning a 24-hour shutdown of factories across the nation. Unrest and a strike started last week by Panama’s largest union left one man dead and a woman seriously injured. The austerity measures proposed by the government were demanded by creditors as a condition for renegotiating Panama’s $3.6-billion foreign debt. They would alter labor laws and reduce tax concessions for some industries.
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