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Posts by peterweg  

Joined: 16 Feb 2007 / Male ♂
Last Post: 19 Jun 2020
Threads: Total: 37 / In This Archive: 22
Posts: Total: 2305 / In This Archive: 1651
From: London, Battersea, Krakow.
Speaks Polish?: no
Interests: Motorbikes, Skiing

Displayed posts: 1673 / page 12 of 56
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peterweg   
16 Jun 2013
Law / Jobs and Economic Status in Poland [64]

Their perspective for improvement and such.

Wages are ****, true. But its getting better, thats undeniable. Spain has 27% unemployment (70% youth unemployment) and it is NOT going to get better, possibly ever.
peterweg   
16 Jun 2013
Law / Jobs and Economic Status in Poland [64]

and check first hand how things look like.

When did you last go to Poland?

Things in Krakow look pretty good, is all I can say.

Maybe the economic statistics from everywhere are wrong and Poland does not looking like a vibrant, growing, economy. Maybe I imagined the new roads, investment and building work.

Maybe you are right or maybe you are just a miserable pessimistic bastard.
peterweg   
16 Jun 2013
Law / Jobs and Economic Status in Poland [64]

It's very bad, largely due to general crisis in Europe, however I see not much chance for really rapid improvement even when the crisis is over.

In Poland GDP per capita PPP has increase 78% since 2004. The figures for the US and UK are 26% and 23% respectively. Every single year since 1992 Poles standard of living has been increasing.

tradingeconomics.com/poland/gdp-per-capita-ppp

Unlike the rest of Europe Poland has not had a recession, so Poland is doing very goodand will recover quickly due to the low levels of public and private debt.

If you want to see which country is doing really bad, look at Spain

tradingeconomics.com/spain/gdp-per-capita
peterweg   
15 Jun 2013
Love / Polish Ex Con Man! HELP! [2]

If you have a legal means of perusing the debt, do so regardless of the time it will take. Nobody will take 'responsibility' for his debt and why would they?

As a matter of interest, what nationality are you? It seems odd that you ask for advice on an English language forum when you don't speak English as your first language.
peterweg   
8 May 2013
Work / Krakow: possible job offer: 6.500 PLN [20]

Cost of living is Warsaw is much higher, the difference will be in rent alone is not more. You should expect maybe 40% more for the same job, not less than 10%.
peterweg   
6 May 2013
Work / Krakow: possible job offer: 6.500 PLN [20]

This is the second most popular supermarket in Poland,

Not in Krakow so not much use.

You can get good fish if you order it from the fish monger. Haddock is good and reasonable price.

The beef is general poor and expensive, you have to buy imported British/Irish or French to get top quality. I bring it back from the UK in my carry on luggage, more than enough for any cravings (not for me, I hate beef)
peterweg   
30 Apr 2013
Real Estate / Poland's apartment prices continue to fall [1844]

or so I am told.

Or want to buy farm+land at half price without a permit. The sellers were within days of losing it due to debts.
peterweg   
28 Apr 2013
Travel / Flights from Poland to North America [7]

new dreamliner

I would avoid the 787.The problem with the electrical system has not been fixed, Boeing has simply put a steel box around the battery so fires can be hidden. The batteries can still fail, potential putting aircraft at risk with its entirely new and radical all-electrical systems. This shocking approach has been approved by the FAA, an organisation who is dedicated to promote the aircraft industry, apparently before safety.

A Back Seat for Safety at the F.A.A.

IF one thing is clear after this week's National Transportation Safety Board hearings on the certification of the Boeing 787's lithium-ion battery, it is that the Federal Aviation Administration and the industry it regulates share a cozy relationship that sometimes takes a front seat to safety. This relationship contributed to the grounding of the 787 Dreamliner in January and the astonishing swiftness with which the airplane was approved to return to commercial flight.

Another NTSB board member bring the safety certification 787 and the FAA's behavior into serious doubt -

NTSB 787 Battery Hearing Leaves Certification Questions Unanswered

If the public is to have any faith in FAA certification, it needs an answer to why industry developed minimum standards were not used when new technology was introduced into our nation's airliners. The implications for future certifications is obvious - and of tremendous concern.

Dreamliner 787: Why it must be recertified
Ben Sandilands | Apr 27, 2013

This brings aviation to a very unwelcome place. The Boeing 787′s certification is deficient because it doesn't even meet Boeing's own standards for the use of lithium-ion technology by the aviation industry at large.

FAA exposed as captive and incompetent over 787 safety

The reports of the first session of an NTSB inquiry into how the FAA came to certify the Boeing 787 Dreamliner as safe are unsettling.

ANA, will be running 200 test flights with cargo. To get the 777 up to the claimed level of safety the 787 is supposed to already at took 10 years of proven commercial flights by hundreds of aircraft.

The 787 has flow 52000 hours and had two battery fires - cause unknown and one other in flight fire - cause unknown - which very nearly resulted in the loss of an aircraft during testing. All due to its revolutionary, first time ever in an aircraft, electrical system.

The 787 contains groundbreaking unique and little tested technology to aircraft.

Its very much a new concept and I would not take my family on what will be a multi year series of test flights.

Good luck.
peterweg   
28 Apr 2013
Real Estate / Poland's apartment prices continue to fall [1844]

Are we supposed to listen to you instead?

REAS are internationally recognised as credible source. FT and international accountancy firms use them.

You, however are an internal designer who bought at the peak of the market and have a vested interest in talking up the burst bubble of Poland property.
peterweg   
27 Apr 2013
Real Estate / Poland's apartment prices continue to fall [1844]

Residential market in Poland - Q1 2013

media.reas.pl/en/pr/239860/residential-market-in-poland-q1-2013?rss=true

Signs of stability?
peterweg   
27 Apr 2013
Love / English women and polish man who ran off with my life savings [22]

explain the situation and get copies for proof.

Proof of what? that she willingly gave him the money? If he paid it into the account there won't be proof of anything.

ISA (interest savings account.) .

No. Its an Individual Saving Account. He being the individual saving his money. Its saving for his pension, not a deposit on a house. If you transfered from your account to the ISA that would be very suspicious.

You have been taken, he must have planned this from the beginning, which IS a crime. Its fraud.

Go to the Police, your best hope is that he has done this before. The more accusers the greater the likely hood of a result.
peterweg   
20 Apr 2013
Love / Family Friend Daughter from Poland and I started talking (long distance) [11]

Have you thought that the girl might be using you to get to America?

Poland isn't a third world country, she - and for instance a Polish boyfriend - could earn US levels of income anywhere in Europe.And get free healthcare and social security. Why marry for what is already free?

I think any interest on her part would be genuine.
peterweg   
8 Apr 2013
Law / Moving to Poland and start a business [16]

In Lodz? Is that economically depressed and losing population?

I think you should investigate a location long and hard. I

IT jobs are in Warsaw, Krakow and Wroclaw; if you setup a business a high paying job to fall back on is very useful. Pay someone a fifth of you wage to sit in a shop.

What are your IT skills?
peterweg   
27 Mar 2013
Law / Bank accounts taxed by up to 10%. Can it happen in Poland? [150]

Stealing was the only option, and that's exactly what they did.

No stealing.

Depositors with less than 100K were protected as per the law and as is normal in banks world wide.

Anyone with more the 100K should have paid for better advice.
peterweg   
26 Mar 2013
Law / Bank accounts taxed by up to 10%. Can it happen in Poland? [150]

Share holders and bond holders in Cyprus lost everything. This is why bank shares are falling, in future only <100k depositors will be protected (i.e. the current legal position).

Italy won't crash, far to many small savers who will not, cannot pull out.
peterweg   
24 Mar 2013
Law / Bank accounts taxed by up to 10%. Can it happen in Poland? [150]

So what went wrong?The eurozone did.Last year,

Of course Cyprus is faultless for of billions of Greek debt in the first place. And building up a debt load 8x GDP. Its all the EU's fault.

And what did they lose the other 10billion on?
peterweg   
24 Mar 2013
Law / Bank accounts taxed by up to 10%. Can it happen in Poland? [150]

EU,CY and the directors of BOC.

Its entirely down to the Cyprus government as what laws they apply. The banking industry in Cyprus want the levy, the precise makeup they prefer is unknown. The EU have offered funds to bail out up to 100K for all depositors, what Cyprus does with that money is their problem.

The disregard for rules by Trolka on Cyprus is imprudent in the short term and suicidal in the longer term

As I have repeatedly explained, they have not broken the rules - you and most of the howling classes do know the rules. Ignorance of the law is no defense.

However, I agree that the fact they have made clear that the 100k guarantee is nothing of the sort is probably a bad thing.... If you care about the economies of the PIIGS.

I suspect the plan is to make the risks of banking in the south economies plan and take the consequences. I.e break the Euro.
peterweg   
24 Mar 2013
Law / Bank accounts taxed by up to 10%. Can it happen in Poland? [150]

You are lying Peterweg no vote has been agreed, they will vote this afternoon in Brussels, stop trying to twist information past and present to suit your own agenda.

They include one that imposes a tax of less than 1% on all bank deposits, said Averof Neophytou, deputy head of the governing DISY party.

usatoday/story/money/business/2013 /03/22/cyprus-rescue-proposals-vote/2010109/

Actual I was mistaken, they are supposed to vote on the 1% this weekend (delayed til monday).

Is this a debate between agenda? if so what is your? Blame the EU for everything ?

Why would Brussels vote on on a Cypriot law, is that part of your agenda?

Iceland is a unique case.

Small Island with 7-8 times its GDP that crashes and can't honor its guarantee to its banking depositors?

Its not so unique anymore, is it?

Pot calling kettle black - bullfrog.

What has Switzerland got to do with it? Even if he's Swiss , two wrong don't make a right.
peterweg   
24 Mar 2013
Law / Bank accounts taxed by up to 10%. Can it happen in Poland? [150]

Article 12 of Directive 94/19/EEC

Judgment of EFTA SA . This clarifies exactly the law on whether EU requires a state to back the depositor protection scheme during a crash

eftacourt.int/images/uploads/16_11_Judgment.pdf

It says, if its not possible, a country does not have to back the depositor guarantee scheme and can treat on shore and offshore depositors different. In other words the guarantee is . optional

I am going to mention this for the last time, Iceland is not a member of the EU, nor does it use the single currency as tender,

Irrelevant, the ruling is on the application of EU law

furthermore there is no oversight of Iceland by Brussels' financial' or ' legal' so back on topic

The ruling by the EFTA Surveillance Authority covers EU application of banking law. UK is also not a member of the EZ, yet it, like Iceland has to follow EU directives. There is very strong oversight of the EEA by Brussels.

Look at that site - there is a large list of judgments enforcing EU law in the EEA. Every law the EU produces, the EEA has to follow to the letter. If they don't they are taken to court. If a judge rules on the application of those laws, it sets a precedent which will be very difficult to overcome.

Choose what you want to believe, but Cyprus is hitting depositors below 100K with 1% and it doesn't look like anyone is claiming its against EU law. The EFTA SA Icesave judgment backs that up.
peterweg   
23 Mar 2013
Law / Bank accounts taxed by up to 10%. Can it happen in Poland? [150]

Yeah, right. Goldman (et al.) hate it.

What a ******* surprise. I'll happy tell every one of them to go **** themselves. Their opinions count for sweet FA.

Feel free to follow the sheep. Baaa!!

[quote]"The very nature of banking has been shaken to its roots with this decision, for banking depends upon trust," Dennis Gartman, the investor, wrote in a note to his clients. "Trust that has now been shattered; torn asunder, broken ... destroyed."

I guess he missed Iceland in 2008 and the judgment last year. Pretty much every single 'expert' did too. Because the decided to invent a story about Iceland to fit their fantasy's - much as they are doing now.

studiotendra.com/2012/12/29/what-is-actually-going-on-in-iceland

Bank deposits are not protected beyond the ability of the guarantor to pay. In a systemic banking crash there is NO guarantee. Ignorance of the law is no defense.

If you banked anywhere without realizing this, tough luck. Its been there in black and white for quite some time.
peterweg   
23 Mar 2013
Law / Bank accounts taxed by up to 10%. Can it happen in Poland? [150]

Putting money in a bank is not making a investment you mug...

Deposits over 100k are not guaranteed. I wouldn't have been caught by that BASIC fact so how does it make me a mug?

The mugs are the idiots who are going to lose 20% because 'deposits are not investments'.
peterweg   
23 Mar 2013
Law / Bank accounts taxed by up to 10%. Can it happen in Poland? [150]

From what I am seeing it is likely CY/EU will agree to stealing money from people with over 100,000 Euro.

First, this is not the EU, its Cyprus's mess - their banks lost the money. Every country is responsible for their banks behavior, their choice to buy Greek bonds.

Second, only 100k is required to be guaranteed (it used to be 20k) and its Cyprus who is supposed to pay the 'Guarantee', not the EU.

Anybody who has over 100k, a) knows it is NOT protected b) must have know for two years Cyprus would collapse. c) knows they are classified as sophisticated investors who take professional advice

Any burden for the guarantee is supposed to fall on the financial industry, not on the general population directly.

if something happens with the Cypriot banks, it will happened on the weekend. He told me to withdraw the money every Friday

Amazing anyone had any money there (never-mind 100k+, FFS), the Greeks emptied their banks years ago.

It looks like the EU has won the ' Med Gas' confrontation with Russia in CY.

The only war is in your head. Gazprom owns a British gas company, was that a war too?
peterweg   
20 Mar 2013
Law / Millennium bank question [13]

Iceland is part of the EEA and EFTA with is fully complaint with all EU financial laws. Their banking system has to comply with EU requirements and the failure to repay non-Icelandic depositors resulted in them being taken to court by the EFTA Surveillance Authority

eftasurv.int/about-the-authority/the-authority-at-a-glance-

EU law was applied in the case against Iceland and Iceland's argument was accepted
en.wikipedia.org/wiki/EFTA_Surveillance_Authority_v_Iceland

Even though its violates the founding principles of the EU (equal treatment of all EU citizens regardless of nationality and free movement of capital).

I believe you misunderstand the situation peterweg, two of the main banking groups in CY are on the verge of bankruptcy Bank of Cyprus group, Marafin popular and Marfin Laiki Bank. Most of the other banks in CY are in good fiscal order or they were until last friday.

If these two banks fail the entire banking system will collapse due to capital outflow and a lack of depositor guarantee, same as Iceland's banking system, one bad bank two down several other that were 'healthy'.

The Icesave case

In a judgment announced on 28 January 2013, the EFTA Court found that Iceland was not obliged to ensure payment of a minimum compensation to the depositors after the collapse of the Icelandic online bank Icesave in 2008.

eftasurv.int/internal-market-affairs/articles/nr/1646

The judgement: eftacourt.int/images/uploads/16_11_Judgment.pdf

It can be summed up by this

216
In the present case, difference in treatment of this kind was not possible.
Consequently, the transfer of domestic deposits - whether it leads in general to
unequal treatment or not - does not fall within the scope of the non-discrimination principle as set out in the Directive.

If a country doesn't have the money, EU laws count for nothing.
peterweg   
20 Mar 2013
Law / Millennium bank question [13]

In essence that means Brussels have power over all of our accounts to do what they consider necessary

You misunderstand the situation. The Cypriot banking system cannot protect its depositors and the EU is offering help but only 2/3rd of the money. Cyprus must get the rest, which they need to cover deposits over 100k (which are not subject to a guarantee).

Cyprus wants to protect the foreign depositors who are mainly Russia as the Cypriot economy depends on it. Using EU money to bail out Russians is no within its remit.

EU laws says a country should have a depositor protection scheme, however it is no guarantee that it can pay the 100k euro. The Icelandic precedent is that a country can simply refuse to pay out if the situation warrants it.

Iceland seized 100% of foreign deposits in 2008 and the EU accepted that it was necessary.

So, any country can seized depositors money and refuse to honour the guarantee. It is NOT the EU who is doing this.