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Polonia outraged by EU interference


G (undercover)
19 Jan 2016 #121
I vote here.

Where ? In the UK ?

It was certainly a powerful image.

Dude, If you seriously think that anyone at S&P was watching that and it had any effect on the credit rating of Poland then... well, very unsmart...
delphiandomine 83 | 17,771
19 Jan 2016 #122
Where ? In the UK ?

That would be you and your fellow "patriots".

Dude, If you seriously think that anyone at S&P was watching that and it had any effect on the credit rating of Poland then... well, very unsmart...

Small pieces, big picture.

Face it, you're just bitter because it's becoming more and more obvious that PiS will be one and done.
G (undercover)
19 Jan 2016 #123
That would be you and your fellow "patriots".

So you mean that you, without Polish citizenship, vote in Polish national elections ?

Small pieces, big picture.

Utter nonsense for anyone without at least basic knowledge about the financial markets.
polishinvestor 1 | 362
19 Jan 2016 #124
This is the last part of the report:

OUTLOOK

The negative outlook reflects our view that there is at least a one-in-three possibility that we could lower our ratings on Poland in the next 24 months.

We could lower the ratings if we perceived a further weakening in the independence, credibility, and effectiveness of key institutions, most importantly the NBP. In addition, we could lower the ratings if public finances deteriorated beyond our current baseline scenario as the revenue and expenditure balance becomes more negative.

On the other hand, a reversal of the government's efforts to change and control Poland's key institutions, as well as sustained strong external performance, leading to further reductions in net external debt could lead us to revise the outlook to stable.

So its clear S&P is quite willing to change its decision or upgrade its rating if it believes present instabilities are not added to or corrected. The argument for them is that the events that have taken place bear a similar resemblance to what took place in Hungary before its debt crisis. Thats what triggered the crisis in Hungary. There bonds yields doubled to over 12%, a huge move, at the height of the crisis but since that Orban have toned done the rhetoric and returned to promoting growth and increasing FDI. Now bonds yields are only a little above the levels of Poland.
G (undercover)
19 Jan 2016 #125
Clearly all about Nowa Sól.
landora - | 199
19 Jan 2016 #126
I sincerely urge Polonia to bugger off from the affairs that don't concern them.
Dear Polonia! If you feel our new government is so great, you're welcome to come back and pay taxes in Poland, and THAN you can vote/protest/have an opinion. Before that, please kindly shut up.
landora - | 199
19 Jan 2016 #128
Yeah, cause WPolityce is such a credible source...
G (undercover)
19 Jan 2016 #129
So you say it's a lie ?
kpc21 1 | 763
19 Jan 2016 #130
By the way, where's our 500zł?

Don't worry, in a short time PiS will explicitly say that it was only an election sausage (as we call it in Poland, kiełbasa wyborcza, for those who like to learn Polish idioms), there will be no 500 zł, and that they can do it, because PO was also doing it :)

But the problem is not that PO was also doing it and that everyone is doing it, probably in each country (maybe except for some tiny "couch" parties), which is true, but that PiS speaks loudly about that. They don't even make an impression of ruling the country well.
Harry
19 Jan 2016 #131
If you feel our new government is so great, you're welcome to come back and pay taxes in Poland, and THAN you can vote/protest/have an opinion.

There certainly is a strong case to be made for no representation without taxation.
G (undercover)
19 Jan 2016 #132
no representation without taxation

Why do you hate democracy so much ?
Harry
19 Jan 2016 #133
People who choose to contribute nothing to a country having a say in how that country is run is simply not democratic. Democracy is the rule of the people, not the people who choose to be people elsewhere and to fulfil their duties as citizens elsewhere.
Avalon 4 | 1,068
19 Jan 2016 #134
So its clear S&P is quite willing to change its decision or upgrade its rating if it believes present instabilities are not added to or corrected.

I suppose it depends on who is paying S&P's fees, for their ratings In 2006-2007, the banks were paying them to give triple A ratings on junk bonds. PIS want to tax the banks and alter the Swiss Franc mortgages and Poland suddenly gets downgraded? a decision that takes most financial institutions/economists by surprise.

Hollande announces a financial emergency yesterday and promises to find 1.5 billion Euros to fight the high unemployment. Did France get downgraded by S&P today?. Everyone has watched how France has broken EU budgetary rules for many years with no punishment. It seems that any desent against the EU is met with threats and blackmail, something I find very worrying.
OP Polonius3 1,000 | 12,448
19 Jan 2016 #135
who is paying S&P's fee

Who pays the piper calls the tune. And that applies to "impartial" S&P, "independent" (on paper) law courts and other "objective" decison-makers and verdict-issuers. Money talks and big money talks the loudest!
G (undercover)
19 Jan 2016 #136
something I find very worrying.

Welcome to the real world.
jon357 63 | 14,255
19 Jan 2016 #137
PiS got bit by their own games, and you have nothing to complain about.

That sums it up really. I notice people have started calling for early elections.
G (undercover)
19 Jan 2016 #138
people have started calling for early elections.

"People" lost the previous ones just few months ago, I don't mind to see them defeated again If they cover the costs of organizing elections.
OP Polonius3 1,000 | 12,448
19 Jan 2016 #139
people have started

Correctiion: Not people but Heil Petru -- an overly ambitious and potentially dangerous power-mad schemer.
polishinvestor 1 | 362
19 Jan 2016 #140
Its nothing to do with the EU! S&P is warning of a repeat of what happened in Hungary if events continue on the same path as the government is currently pursuing. If you held onto to Hungarian bonds at that time you would have been marked down a lot of money! More so all ratings agencies want to look whiter than white and on the ball more than ever.
delphiandomine 83 | 17,771
19 Jan 2016 #141
I notice people have started calling for early elections.

I'm content for now. Leave them in power, let them screw up very badly and watch the hysteria unfold when they lose the local elections heavily.
Avalon 4 | 1,068
19 Jan 2016 #142
I notice people have started calling for early elections.

The prospect of a German inspired tax on petrol, NATO's idea of a tax on football tickets and airline tickets etc, to pay for the migrants coming to Europe. Then being forced with threats to become culturally diversified or else, will soon change their minds.
jon357 63 | 14,255
19 Jan 2016 #143
let them screw up very badl

This has been happening from day one, and yes, the local elections will put a spanner in the works.
G (undercover)
19 Jan 2016 #144
local elections

Yeah because PO with 13% support is going to hold 15 out of 16 regions or wait, 1 man show Swetru will get them :))))))))))

Dude, PiS will be stronger than ever in the local.
jon357 63 | 14,255
19 Jan 2016 #145
Dude, PiS will be stronger than ever in the local.

You are probably the only person in the country who believed that. Oops, wait, you aren't in the country.
G (undercover)
19 Jan 2016 #146
So what are your predictions, come one, I will bump it up when the results are known and we will have a laugh.
landora - | 199
19 Jan 2016 #147
In many countries you lose your right to vote if you don't live in the said country. These are democratic countries as well. It's absolutely immoral to live abroad and vote without bearing any consequences. This especially applies to American Polonia - those people very often have never been in Poland, don't even speak the language and yet, they seem to think they are "patriots". Makes me so mad.
Grzegorz_ 51 | 6,163
19 Jan 2016 #148
In many countries you lose your right to vote if you don't live in the said country.

In many others you don't . Poland is one of them. People who vote and are not permanent residents in PL are about 0.1% of total voters and don't vote much different than general population. It's an issue made up by PF's polonophobes and you carry water for these punks.
Avalon 4 | 1,068
19 Jan 2016 #149
The EU, IMF and the ECB will always look after the banks. Please do not try and deceive us that the EU does not interfere, I have numerous records kept, this from last year.

Europeans Tried To Block IMF Debt Report On Greece

Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. The document released in Washington on Thursday said Greece's public finances will not be sustainable without substantial debt relief, possibly including write-offs by European partners of loans guaranteed by taxpayers. It also said Greece will need at least €50 billion in additional aid over the next three years to keep itself afloat. Publication of the draft Debt Sustainability Analysis laid bare a dispute between Brussels and the IMF that has been simmering behind closed doors for months.
polishinvestor 1 | 362
19 Jan 2016 #150
Greece hired Goldman Sachs to lets say diplomatically paper over debt in order to meet the criteria to join the euro. And with the average Greeks approach to work and taxes, they probably deserved the EU's stance towards them. Greece never should have been allowed to join the euro, but then it did suit the Germans to have as many soft nations on board as possible. Still the fact remains the Greeks hid their debts and it came back to bite them.


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