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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 7 of 56
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peterweg   
17 Jun 2016
Law / Can a UK company earn in PLN? Foreign currency and mortgage in Poland. [22]

company can always exchange its earnings into Polish zlotys at some point.

Then the bank is exposed to currency risk as the company does NOT earn PLN. I suppose if you had a large deposit (50%) you might find a lender who would lend to you.. in the past.

This is not then. Next week is the Brexit vote, you will be almost certainly barred from a mortgage until after the vote.

After the vote, if its Leave, getting a mortgage with a non-EU Ltd company would 100% certain to be refused. Its impossible.

Your right to live and work in Poland would be uncertain for years.
peterweg   
17 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Smart investors backed out early and will buy back after the vote

Who said they will buy back? this is a vote for a fundamental change to an economy, it will not be business as usual. There is no way of knowing what will be the situation for years after the vote. My colleague thinks it will be a year before they invoke article 50, which will give three years for negotiation.

That is three years of utter uncertainty. Plus years of trade negotiations.

Industry will have to restructure itself to the loss of the single market and the loss of overseas investment. Unless we attempt to join the EEA, which will negate the whole point of leaving the EU (blocking migration). Its doubtful we would be offered this option.

It will continue to cause friction, better to let then EU get on with it and stop blaming the UK for holding up the integration.

Its remarkable how decades of constant anti-EU propaganda has infect the minds of the British. I kind of hope the UK votes out, I have a lot to gain, so the schadenfreude will be strong. I like the EU to get a good kicking, China may come down in the crash too,

My big fear is the assistance Russia will gain from one of its geopolitical enemies being eliminated. Russia and North Korea will be happy.

themoscowtimes.com/opinion/article/the-russian-guide-to-brexit-op-ed/572691.html
peterweg   
17 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Baseless rhetoric.

Based on contract law. If we Brexit, our company doesn't get the money.

Another thing, the EU becomes less stable if the UK leaves. If you work in finance you should know that these days investors are chasing the safest places to park their

How will the EU being less stable be of any benefit to the UK? its will still have a $15 trillion dollar economy to draw on.

The UK will be far less stable and higher risk economy. Why is why investors are backing out of the UK.
peterweg   
17 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Nobody is leaving the EU at present PI, deffo not the UK.

I wouldn't be so sure. I work in finance and even in our company there are some people who will be voting out. Even if they lose their jobs over it.

A lot of people are very determined to get out of the EU, NO MATTER THE COST.

The cost will be large. Overseas investors are very wary of putting money in the UK if it votes out. We have $400m waiting to be invested in the UK by US/EU investors. If we vote leave, half won't be coming here. Its a similar deal with commercial property, for instance, all recent deals have Brexit break clauses.

Our company is very small, this story will be reproduced all over the country. The figures could be huge, FDI in the UK varies between £25-80 billion per year. Those are jobs, tax income and public services that will disappear.

London is of course the EU headquarters for most international companies, many will have to relocate.

You may think, it won't matter if you don't get directly affected, well it will. Unemployed people don't pay tax and they cost money that the remaining works have to makeup.

I have a colleague who hangs about with Conservative MP's. He's hoping they can destroy the Welfare state once free of the EU and the public put the extreme right of the Conservatives in power with this vote.
peterweg   
13 Jun 2016
News / Poland's Sejm passes anti-terrorist act; opposition negate [86]

Its Putinism.

Putin is popular in Russia, if you have an ill educated population you can feed them crap about the Mighty Empire and they will believe it because they want to belive it.

It looks like PiS have copied Putins methods, which is why democrats are conserned about Poland.
peterweg   
12 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

The most damaging (ulimately) for the EU would be for a "leave" victory that is then followed by another referendum or trickery like you describe.

Sums up the strange way the Leavers think - the British Governement does something and its the EU's fault.

You are making a stronger case for Brexit than maybe you intend.

For you, obviously. Currently we have more influence that we will have if we join the EEA. The EU will send a fax and the UK will rubber stamp it without any influence at all. Fax machine democracy as the Norwegians call it.

There are several political parties who are opposed to EU membership and people are free to vote for them or vote for other parties.

Imagine, the vote is for Leave, Camaron refuses to leave, so the Carpet Biters call a vote of no confidence in the government. Labour support Cameron - Tory Civil war. Labour support Carpet Biters spliting Conservatives in two and we have a Labour government.. maybe Labour/SNP.

What a shambles.
peterweg   
12 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

This is where you lose me. You refer to a country having what seems to be a mutually beneficial relationship that it's happy with as a "mistake" to be regretted.

You apparently think members apply to join the EU on their terms. They don't. The EU tells applicants what they need to do and everyone gets the same entry conditions.

Allowing an agreement with the Swiss was a mistake by the EU and the EU will not do it again.

If the EU cannot deal with anything but full membership then it's not working.

Then its tough luck to you.
peterweg   
12 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

>>clearing house for the Yuan.

Outside the EU? whats the point?

Do you honestly think a bank will relocate to a place where tariffs will be placed on bonuses and profits, unlike the UK where the political class managed to avoid any EU tariffs.

Uk has quite strict bonus rules. It avoids applying EU rules by agreement, once out of the EU all that is out the window. The European business will have to goto the EU and their Tolbin taxes etc.

We are the biggest tax haven in the world.

That business will (probably) move to the EU. They again we can attract more with lax laws, but the EU/USA would sanction us unless we towed the line.

As for the EEA and trading with Europe. Do you honestly think companies will allow Merkel and Claude to ruin their exports profits, some up to 60%.

Some German Minister said out will be out and no option of the EEA.

They managed it with sanctions against Russia, that was a hugh finacial loss for Germany, they did it becuase they had to. You forget with the crashing UK market it won't be so important for German exports. Most of the top end cars go to high paid finance and services who will be relocating out of the UK.

The EU will take what it wants and block what Britain wants to export. The City of London has been Germany and Frances target for decades, far more valuable than exporting cars.

All this assuming that no country veto's UK's EEA entry, a few million of Putin's dollar's in a Prime Ministers pocket would wipe out the UK application. I'm sure a few countries would veto the UK for free.
peterweg   
12 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

The UK may not be offered EEA membership and will certainly not be given Switzerland's status which was a one off mistake that the EU regrets.

However, if we do join the EEA for access to the single market, I can't understand the logic,

- Let's leave the EU so we don't have to pay, can control our borders and have control of our laws.
- The join the EEA, pay MORE to the EU, lose control of our borders and keep all other EU laws except Agriculture and Fisheries.
- Oh and have absolutely no say in the EU laws we would have to implement (like Norway).

The reality is that the most likely outcome - EEA membership will mean

- Pay MORE money to EU,
- Lose all the special treatment we negotiated
- Have zero say or influence on EU laws that will have to be rubberstamped by British Parliament

For that we are going to thrash our economy for the next few years?

The countries most fearing Brexit are Ireland, Luxembourg and the Netherlands, all tax havens for the rich.

Huh? Ireland will gain massively as UK based companies relocate.

Luxembourg and Germany will welcome banks with hundreds of billions of Euros, Dollars and Yuan that will exit the UK.

Poland has most to lose being the biggest EU recipient of funds (100billion pln per year), unless the UK joins the EEA and pays even more money.
peterweg   
12 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

The world is too connected, to interdependant to allow for lost trade.

You are, apparently like a lot of the British, living in a fantasy world. The World will stay connected, but the UK won't be connected to it. That is the point of the Referendum.

Britsh companies (well obviously excluding Scotland which will stay) will lose the ability to sell in the EU.

The EU will decide on a case by case what THEY will allow to be exported into the EU. The finance industry. 12% of the UK GDP will be F***ed as it will have to move on mass to continue to do business. The UK services industries will also be screwed

There is also the issue of international companies using the UK as their European headquarters, from being an stable EU nation it is now a politically unstable local market. They will move.

Don't think the EU is going to allow the UK to dictate trade terms. Germany and France will take over the Finance industry. Tarrifs will destroy the UK's exports. The export service industry will be devastated.

What will this mean for the UK? Poorer, much poorer. More taxes, less welfare state and more strikes.

Its going to be like 1973 again.

The thing is, for the UK the EU just doesn't offer very much in return

Except, maybe 25% of its GDP from being able to sell into the single market and having the worlds business headquartered in the UK.
peterweg   
11 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Doug
I hate to break it to you, but a large number of people are hell bent on leaving and will vote. However, the Remainers cannoot be bothered to do so.

Half the undecided will make the choice in the Poll booth. Its impossible to know what will happen.
peterweg   
11 Jun 2016
News / How would Poland change for the better (or worse) under a PiS government? [257]

Socialist/Communist economic beliefs don't require the PZPR and it is what will impoverish Poland once again.

If you want to see where anti-capitlistic, communist economics end, have a read about Venezuela

too much quote.

latino.foxnews.com/latino/news/2016/06/10/venezuela-trying-to-solve-food-shortages-by-having-party-loyalists-control/

Populist, socialist policies (subsidies/free food/government dictates prices) like those admired by PiS can end up like this (another example is Argentina).. It works for a while, to buy votes, but in the medium term its always a disaster.
peterweg   
11 Jun 2016
News / How would Poland change for the better (or worse) under a PiS government? [257]

Its sad that Communism corrupts the mind of people so much that they don't undertand its the reason for their poverty - and so they blame Capitalism.

PiS seem keen on the return of communism, they have employed a commie as the head of the central bank

thenews.pl/1/12/Artykul/256590,Polish-MPs-vote-for-Adam-Glapinski-as-new-central-bank-chief
peterweg   
11 Jun 2016
News / Legal opposition threatened by Poland's regime [19]

There is legal opposition and then there is a being funded and esposing the policies of a, nuclear armed, enemy state.

Hybrid war that the neo-Soviets use so effectivly, is designed to use our freedoms against us. In response, NATO has stated that they will treat this sort of attack as an act of war.

From your Russian-loving source -

Given the involvement of Turkey in the war against Syria and Poland in that against Ukraine, we can logically deduce that these abuses are not national events, but the result of the Nato policy.

Damn right it is.

Enemy spies and combatants will be hunted down and eliminated. I'm afraid there is a limit to democracy and this is it.

The following are non-left wing anonymous pro Russian sites: the Orwellian named I"nternational Observatory of Ukrainian Conflict," "slavyangrad.org," " vineyardsaker.fr" and " vineyardsaker.de." The anonymous "Human Rights Investigations.org" and the "Ukrainian Human Rights.org," must not be confused with the legitimate "Ukrainian Helsinki Human Rights Union" and "Kharkiv...
[...] There is no evidence that pro Kremlin sites "Sott.net" or "Voltairenet.org" are Kremlin funded.

rytyka.com/en/community/blogs/left-or-russia-strange-case-foreign-pro-kremlin-radical-leftists

Choose your sources wisely.
peterweg   
5 Jun 2016
News / Demonstrations in Poland in defence of democracy. [2554]

ordianry foklk a larger slice of the pie.

You're such a a communist.

ordianry foklk a larger slice of the pie.

You constantly refer to Polamd as a pie or trough to be devoured by animals, you sick bastard.

I suppose its all fun to a foreigner like yourself who will never live in Poland.
peterweg   
4 Jun 2016
Travel / Refusal of service and "black lists" in Warsaw, Poland [5]

EU data protection laws should apply.

This is Polands law - uk.practicallaw.com/6-520-7945?service=fs#a952860

Basically personal identification data can only be used for the purpose it was collected. You have a right to see any data a company may have on you for a small fee. Any errors must be corrected on demand.

A company can be prosecuted if they don't comply with Data Protection law,
peterweg   
4 Jun 2016
News / Poland may take the EU to court if they step up pressure -- Kaczyński [89]

they don't have Constitutional Courts and no court there can challenge a law passed by their parliaments

In the UK, thats not true, the Second House, the House of Lords, consists of several hundred unelected cross party members who can block the governments laws. Money bills (taxation etc.) can only be delayed and policies that were in the election mandate should not be blocked by convention. The Lords can also form a court and pass judgement. The Head of State also has the theoretical right to block laws(never happened)
peterweg   
3 Jun 2016
News / Russia says: WE'LL NUKE POLAND [150]

Merged: British Army report calls for more robust response to Russia

"Substantial" NATO ground forces, backed by armour, should be dispatched to the Baltic states and Poland to provide a credible defence against a massive Russian conventional assault, according to the report of a study day involving senior British Army officers.

The report, dubbed "Is it time for the West to wake up and smell the vodka?", was posted on the British Army's website in May and comes as the three Baltic states - Estonia, Latvia, and Lithuania - jointly requested NATO to beef up its defence capability on their territory.

more here ..janes.
peterweg   
16 Apr 2016
News / Demonstrations in Poland in defence of democracy. [2554]

The likes of Dell, IBM, Microsoft, Google, Facebook etc, they don't keep their money in Poland and most of the profits made here pay a pittance in corpo. tax

How much profit do you think those companies make in Poland? I'd say nothing, they LOSE money in Poland because outsourcing is providing service for overseas customers. Poland GAINS well paid, tax paying jobs and loses NOTHING from outsourcing.

When the EU and other states start taxing companies for the profits made in country (which I can see coming) then we will see multinationals paying more tax in the USA, UK, Germany and other big economies possibly offset by its loses where its cost centers are - like Poland.