Richfilth
26 Nov 2012
News / €80 billion for Poland new EU budget [166]
No pressure except the constitutional dictat that limits Poland's deficit to an absolute maximum of 60% GDP (with legal thresholds at 50 and 55%, at which intervention must be done or the government held accountable). This is why Tusk has set up this extraordinary vehicle using a state-owned bank (BGK) channelling revenue from state-owned institutions into state-backed loans. "Oh, but that's not government debt" declares PO. No-one's fooled by it, but that's how close to the brink Poland is with its borrowing; it needs to get that deficit dropping NOW or people at the top level start going to prison.
Of course not everything. But Poland certainly wouldn't be where it was without EU funds; it takes money to make money. And if there's no money to start with, then you can't make more.
I am curious as to what you mean by "Western media" though.
Billions are being wasted each year and there's no pressure to put a stop to that, why do anything ?
No pressure except the constitutional dictat that limits Poland's deficit to an absolute maximum of 60% GDP (with legal thresholds at 50 and 55%, at which intervention must be done or the government held accountable). This is why Tusk has set up this extraordinary vehicle using a state-owned bank (BGK) channelling revenue from state-owned institutions into state-backed loans. "Oh, but that's not government debt" declares PO. No-one's fooled by it, but that's how close to the brink Poland is with its borrowing; it needs to get that deficit dropping NOW or people at the top level start going to prison.
That's what upsets me with westerners and western media. They've been lead to believe that EVERYTHING that has improved in Poland after it joined the EU is because of the EU and the money it gives
Of course not everything. But Poland certainly wouldn't be where it was without EU funds; it takes money to make money. And if there's no money to start with, then you can't make more.
I am curious as to what you mean by "Western media" though.