bolek
7 May 2010
News / Zloty exchange rates - is this just speculation? [87]
You sound like a spokesperson for some financial company, true poles were not sucked into borrowing like there American friends, but you fail to understand that poles have a huge debt in the form of credit cards/loans etc, the government has also borrowed a lot which nobody wants to talk about, I don't think the zlote is undervalued it will always be accessed against the euro which is current loosing its confidence. Poland has a stable government which is good, but also a place for cheap labour, this is something that foreign investments companies love.. prepare for the zlote to further go south.
Poland in comparison has a booming economy, little state or personal debt and the one of the worlds most undervalued currencies.
You sound like a spokesperson for some financial company, true poles were not sucked into borrowing like there American friends, but you fail to understand that poles have a huge debt in the form of credit cards/loans etc, the government has also borrowed a lot which nobody wants to talk about, I don't think the zlote is undervalued it will always be accessed against the euro which is current loosing its confidence. Poland has a stable government which is good, but also a place for cheap labour, this is something that foreign investments companies love.. prepare for the zlote to further go south.