makim
27 Jan 2011
Life / Are Poles bankrupt? [35]
in short YES
most poles have huge 30 and 40year mortgages, every store gives people a credit line, because you really do need a 50" plasma tv.........
Poles are super naive imo, this capitalism thing is still pretty new to them, and millions are in debt as we speak
But overall attitude of the government is that somehow Pl is an "economic island", somehow they figure that those billions of dollars they borrowed from the world bank etc is gonna dissapear.
Then you have the polish big business which is almost entirely foreign owned. Not sure how many big businesses are still Polish but it's a small fraction...and whatever is still in public hands is in debt, ex. Telekomunikacja Polska
we're just waiting for the **** to hit the fan...
in short YES
most poles have huge 30 and 40year mortgages, every store gives people a credit line, because you really do need a 50" plasma tv.........
Poles are super naive imo, this capitalism thing is still pretty new to them, and millions are in debt as we speak
But overall attitude of the government is that somehow Pl is an "economic island", somehow they figure that those billions of dollars they borrowed from the world bank etc is gonna dissapear.
Then you have the polish big business which is almost entirely foreign owned. Not sure how many big businesses are still Polish but it's a small fraction...and whatever is still in public hands is in debt, ex. Telekomunikacja Polska
we're just waiting for the **** to hit the fan...