I'd like to know what individual or company goes out and gets a loan just to PROVE he/she/it can?
Uh, it's quite normal for companies to have an overdraft facility available even if they don't use it. Why are countries any different?
That's absurd...... just "because everyone else does it" is NOT a good excuse.
Not a good excuse? Perhaps making sure that there's always cash available to pay the bills isn't such a bad thing where Governments are involved?
Seriously, 40 MILLION DOLLARS a year is a hell of a lot for a country that supposedly has a self-described "budget hole".
40 million dollars is nothing in the grand scheme of things. I mean, right now, in Wroclaw, they're about to build a new attraction in the zoo that's going to cost around 130 million dollars. For one attraction. What's 40 million dollars? Peanuts.
In fact that's nothing more than an expensive P.R. stunt! If we're gonna be honest and call it insurance, it begs the question. INSURANCE from WHAT?
Uh, insurance against another crisis? It's not difficult to work out, surely...
So back to my original question - WHY?? If they really don't need it and if they're really not in trouble, and they don't anticipate problems? WHY and WHAT for?
They don't need it and they're not in trouble, but who can predict the future? If another Leeson took out PKO, Poland would be in financial trouble.