gdyniaguy
17 May 2012
News / Poland's Economy Is Booming! The EU's Success Story? [711]
As a Brit living in Poland it's easy to see how Polish people are fooled into thinking that their Economy is an EU success story.
The rise in GDP being the biggest example of this. The problem with this is that Polands GDP is still woefully low compared to Western Europe which they are compared against. If i have 1 grosz and get 3 grosz i have a 300% rise!!! great!! If i have 1 zloty and have lost 2 grosz it's a 2% drop..bad you might say. I'd rather have 98gr then 3gr!!
Poland in the next three years will have to overcome huge problems that will inveriably decimate the so called polish 'tiger' economy'
- Rising unemployment in the west will contribute to rising unemployment in Poland (as the Polish government wont be able to farm off the unemployed to the UK, Spain and Ireland)
- Other poorer countries entering the EU will take cash away from the free EU handouts that the Polish economy is built upon.
- Rising costs to foreign companies in Poland (wages etc) will make Poland an unattractive place to do business (Poland is already woefully low on the 'place to do business' scale already!) In fact British companies are already bringing back work from both Poland and China.
- New members being added to the EU will result in lower end goods being made cheaper elsewhere within the EU.
- Problems within the EU will have a knock-on effect to Poland...Poland is like a docile lap-dog to the german ran EU. Once the Germans have had their use of Poland they will do what they are doing to the Greeks. (The EU is created to create a market place for German goods and new Polish infrastructure is only being built to enable quicker movement of German goods to new markets - Poland is a bridge to the East)
Poland had to ask its Politicians how it is still lingering behind the Czechs and the Estonians and how it can save itself from the above.
As a Brit living in Poland it's easy to see how Polish people are fooled into thinking that their Economy is an EU success story.
The rise in GDP being the biggest example of this. The problem with this is that Polands GDP is still woefully low compared to Western Europe which they are compared against. If i have 1 grosz and get 3 grosz i have a 300% rise!!! great!! If i have 1 zloty and have lost 2 grosz it's a 2% drop..bad you might say. I'd rather have 98gr then 3gr!!
Poland in the next three years will have to overcome huge problems that will inveriably decimate the so called polish 'tiger' economy'
- Rising unemployment in the west will contribute to rising unemployment in Poland (as the Polish government wont be able to farm off the unemployed to the UK, Spain and Ireland)
- Other poorer countries entering the EU will take cash away from the free EU handouts that the Polish economy is built upon.
- Rising costs to foreign companies in Poland (wages etc) will make Poland an unattractive place to do business (Poland is already woefully low on the 'place to do business' scale already!) In fact British companies are already bringing back work from both Poland and China.
- New members being added to the EU will result in lower end goods being made cheaper elsewhere within the EU.
- Problems within the EU will have a knock-on effect to Poland...Poland is like a docile lap-dog to the german ran EU. Once the Germans have had their use of Poland they will do what they are doing to the Greeks. (The EU is created to create a market place for German goods and new Polish infrastructure is only being built to enable quicker movement of German goods to new markets - Poland is a bridge to the East)
Poland had to ask its Politicians how it is still lingering behind the Czechs and the Estonians and how it can save itself from the above.