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Poland in the European Union. Polexit? [559]
The Euro is not stagnant - it has gained strongly against the pound since Brexit and the dollar since Trumps election. You can see money talking about where people think will be a safe investment.
EU funds might only be 3% of GDP, but they are closer to 20% of investment and in peak years it was over 30 %. That is very important since investment multiplies. This is stuff from literally week 1 of an economics course.
In fact without this investment, the amount of capital expenditure by Polish owned businesses is one of the lowest in the developed world - Partly because of the Audi syndrome, where successful people first buy flash cars and houses rather than re-investing in the business.
Polish exports to the EU are 30 percent of GDP - a figure that has doubled since the 90s and which would probably halve if there was a Polish exit.
Reimittances from Poles working abroad are another 1.5 percent of GDP and much of it goes into houses and domestic infrastructure (new rooves, plumbing, new furniture)
Finally millions of Poles are employed by EU companies in Poland - often receiving valuable training and certainly without that the pool of management talent in Poland wold be very thin - the education system here is good technically but awful for soft skills.
These are the facts that should be widely disseminated, not some economically illiterate twaddle about its only 3 percent. And if the price of all of that is that you might have to take in a couple of thousand migrants is that really so onerous ?
Can we here from a Pole in Poland about whether the EU is beneficial, rather than words shouted across the table of the Red Apple buffet after a dodgy bottle of Krupnik ?
