The land reform Adrian is talking about is having some interesting repercussions - I have a modest loan using our modest farmland as collateral. A few days ago I got a letter from Pekao (not a phone call which would have been polite) telling me I need to find new collateral as the farmland has gone down in value and is no longer liquid.
So after some thought I decided to repay the loan but talking with neighbors it seems many have had similar letters / discussions and not everyone is able to find cash or other collateral at short notice. In some cases loans have been spent on Mercs but often on home improvements or on agricultural machines and facilities which are required to meet EU standards.
So again PiS decides to implement a law without thinking through the effect on its core voters. Of course the banks are only too happy to use this as a chance to embarrass the govt and give them a black eye. End result - less spending power for rural Poles.
So after some thought I decided to repay the loan but talking with neighbors it seems many have had similar letters / discussions and not everyone is able to find cash or other collateral at short notice. In some cases loans have been spent on Mercs but often on home improvements or on agricultural machines and facilities which are required to meet EU standards.
So again PiS decides to implement a law without thinking through the effect on its core voters. Of course the banks are only too happy to use this as a chance to embarrass the govt and give them a black eye. End result - less spending power for rural Poles.