Agree, disagree, don't care?
i think the bureaucracy definitely doesn't help but i think the PL economy has only staid in the black because of the influx of EU funds for upgrades to the infrastructure.. i think that is what is saving PL's butt right now..
If the Polish population was as leveraged up on consumer debt as the average UK credit card jockey, then the $h!t would have hit the fan.
There's a lot to be said for NOT integrating fully into global capital markets at times like this.
definitely helps.. part of this "help" is the tightness of the credit market in PL..
Sometimes time-honoured common sense such as not living beyond one's means (or high on the hog - in the American vernacular) is a better solution.
of course.. i don't beleive in owing up to the eyeballs.. that's just crazy.. it alwyas astounds me how deep most of americans are stuck.. it's incredible to me to see 10k or more in CC debt.. insane..
consolidate all the BS paperwork that Poland drowns in every day, and watch the unemployment rate double.
you probably are spot on with this.. sad..