Poland's Economy Is Booming! The EU's Success Story?

Foreigner4Threads: 22 Posts: 1,990 Joined: Nov 18, 07 ♂	Jul 26, 11, 23:41 #31
Could the makers not have done the exact opposite as well i.e. find people completely on the down and out or business failures, or frustrated journalism and economics post graduates? What I mean is, simply reporting on the positives (and it's nice to see it being done) should not be understood to mean those stories are indicative of the majority of the country.

David_18Threads: 111 Posts: 1,212 Joined: Jan 4, 07 ♂	Jul 27, 11, 14:16 #32
What I mean is, simply reporting on the positives (and it's nice to see it being done) should not be understood to mean those stories are indicative of the majority of the country. I would recomend you to read The Guardian. They got exelent news on eveything negative and depressing there is in the world! http://www.guardian.co.uk/

♂

Edited by: pawian Apr 23, 12, 23:20 #33

Funny. In 1990 (or was it 1991?) the IMF supported Poland with 1 billion $ to aid the transition from communist economy to free market.

http://www.warsawvoice.pl/WVpage/pages/article.php/20605/news

MF welcomes Poland's pledge to increase fund's resources by EUR 6.27bn
Poland made a pledge to contribute EUR 6.27 billion in additional financing to the International Monetary Fund to support funding for troubled countries, the IMF wrote in a press statement Thursday morning.
"I warmly welcome today's commitment by the Polish authorities to contribute EUR 6.27 billion (about USD 8 billion) in additional financing to the IMF," Managing Director Christine Lagarde said as cited in the statement.

TheOtherThreads: 5 Posts: 1,584 Joined: Jul 13, 09 ♂	Apr 24, 12, 01:40 #34
pawian: Poland made a pledge to contribute EUR 6.27 billion in additional financing to the International Monetary Fund Giving away EU funds to the IMF?

peterwegThreads: 35 Posts: 1,997 Joined: Feb 16, 07 ♂	Apr 24, 12, 12:06 #35
pawian: Funny. In 1990 (or was it 1991?) the IMF supported Poland with 1 billion $ to aid the transition from communist economy to free market. In 1976 the IMF bailed out the UK.

Grzegorz_Threads: 81 Posts: 6,213 Joined: Nov 16, 06 ♂	Apr 24, 12, 17:22 #36
TheOther: Giving away EU funds to the IMF? Which EU funds ?

TheOtherThreads: 5 Posts: 1,584 Joined: Jul 13, 09 ♂	Apr 24, 12, 17:34 #37
Grzegorz_: Which EU funds ? http://www.bloomberg.com/news/2011-09-20/poland-may-remain-top-net-rec ipient-of-eu-funding-minister-says.html

Grzegorz_Threads: 81 Posts: 6,213 Joined: Nov 16, 06 ♂	Apr 24, 12, 17:54 #38
And they are send to IMF ??

TheOtherThreads: 5 Posts: 1,584 Joined: Jul 13, 09 ♂	Edited by: TheOther Apr 24, 12, 18:01 #39
Grzegorz_: And they are send to IMF ? If a country is able to give away 6.27 billion Euros to the IMF crooks, how come that it still needs the funding from the EU? Some Polish politicians are trying to punch above their weight, that's all there is to it.

Grzegorz_Threads: 81 Posts: 6,213 Joined: Nov 16, 06 ♂	Apr 24, 12, 18:25 #40
So the EU funds are being send to IMF or not ? TheOther: how come that it still needs the funding from the EU? Does It ?

TheOtherThreads: 5 Posts: 1,584 Joined: Jul 13, 09 ♂	Apr 24, 12, 18:32 #41
Grzegorz_: Does It ? Doesn't it? ;)

pawianThreads: 90 Posts: 5,399 Joined: May 30, 08 ♂	Apr 24, 12, 19:15 #42
The Other, don`t be so childishly silly. You know that European funds can`t be used in that way so why are you making a fool of yourself? It is a loan, not giving away. Besides, the sum is perfectly proportionate to the size and condition of Polish economy. It is a fair deal. And Poland is playing an active role.

♂

Edited by: TheOther Apr 24, 12, 20:18 #43

pawian:

Besides, the sum is perfectly proportionate to the size and condition of Polish economy.

In what condition is your wonderful Polish economy if it needs 67 billion Euros in aid, when millions of your fellow countrymen and women chose to leave, and when the young generation seems to have been abandoned by your political class?

http://www.guardian.co.uk/commentisfree/2011/may/31/poland-youth-low-g rade-work

You're hopelessly naive, Pawian ... but optimistic, I'll give you that... :)

All I was saying is that it leaves a very bad impression when a country accepts billions in foreign aid, but at the same time hands out generous credits to an organization like the IMF. Looks like hubris to me.

♂

Apr 24, 12, 20:51 #44

Why are you coming here with such cheap arguments? :):):):)

Don`t you know that 85 cents of each euro that is transfered to Poland as EU aid goes back to Germany? :):):) Taking all countries of old EU, it is 46 cents.

Isn`t it a fantastic business??? :):):)

Other, high time to learn some Polish: :):):):):)
http://marucha.wordpress.com/2010/09/28/z-kazdego-euro-dotacji-ue-niem cy-odzyskuja-85-centow/

TheOther:

All I was saying is that it leaves a very bad impression when a country accepts billions in foreign aid, but at the same time hands out generous credits to an organization like the IMF.

I don`t care about your personal impression. :):):):):) What matters is that Poland must get 90 billions in the next budget. :):):):):) Let`s call it a compensation for betrayal of Poland in Yalta. :):):):):):):):) We are only taking back what we didn`t get right after the war.

Grzegorz_Threads: 81 Posts: 6,213 Joined: Nov 16, 06 ♂	Apr 24, 12, 21:09 #45
TheOther: Doesn't it? ;) It definitely doesn't in my opinion.

Peter Cracow

Apr 24, 12, 21:26 #46

Poland made a pledge to contribute EUR 6.27 billion in additional financing to the International Monetary Fund

Poland will probably sale US bonds and purchase IMF bonds with a little less interest. May be 0,01 percentage point (US use to pay better).
That's all philosophy.

guardian.co.uk/commentisfree/2011/may/31/poland-youth-low-g rade-work

It would take too much text (of my crappy English) to correct above BS. My best advice: Read The Economist. In opposite to The Guardian they sometimes try to write sth. wise about Poland.

♂

Edited by: TheOther Apr 24, 12, 21:28 #47

pawian:

Why are you coming here with such cheap arguments?

Well, at least I have some arguments... :)

pawian:

What matters is that Poland must get 90 billions in the next budget. Let`s call it a compensation for betrayal of Poland in Yalta. We are only taking back what we didn`t get right after the war.

You sound like an Israeli politician playing the Holocaust card.

Grzegorz_:

It definitely doesn't in my opinion.

Do you really believe that Poland would have made it this far without outside help?

Peter Cracow:

they sometimes try to write sth. wise about Poland.

The author was a Pole in case you haven't noticed.

http://www.guardian.co.uk/profile/adam-leszczynski

pawianThreads: 90 Posts: 5,399 Joined: May 30, 08 ♂	Apr 24, 12, 21:46 #48
TheOther: You sound like an Israeli politician playing the Holocaust card. Thanks. It is very kind of you. :):):):):):)

SeanBMThreads: 41 Posts: 8,727 Joined: Mar 10, 08 ♂	Apr 24, 12, 21:58 #49
TheOther: Do you really believe that Poland would have made it this far without outside help? I do, I just think it would have taken longer, that's all. I find Polish people, on the whole, very willing and able.

TheOtherThreads: 5 Posts: 1,584 Joined: Jul 13, 09 ♂	Apr 24, 12, 22:17 #50
SeanBM: I just think it would have taken longer, Most likely too long. There's a reason why young Poles left their country in droves. SeanBM: I find Polish people, on the whole, very willing and able. No doubt about that.

♂

Edited by: pawian Apr 24, 12, 22:31 #51

SeanBM:

I find Polish people, on the whole, very willing and able.

Foreign direct investment in Poland rose 46.7 percent last year, reaching $14.2 billion, up from $9.7 billion in 2010, according to the United Nations Conference on Trade and Development (UNCTAD). Global FDI rose 17 percent last year.

Growing foreign investment in Poland should come as no surprise, because Polish cities have for years been ranked high in league tables of the most attractive locations for investors. Poland’s strong performance is confirmed in the Real Estate Investor Intentions survey conducted by the CBRE company and presented in March at the annual MIPIM 2012 real estate fair in Cannes, France. In the survey, Warsaw is the second most attractive investment destination on the European real estate market, right after London. The Polish capital ranks higher than Paris, which was very popular with investors last year, and also higher than Munich and Berlin in Germany.

http://www.warsawvoice.pl/WVpage/pages/article.php/24668/article

♂

Edited by: SeanBM Apr 24, 12, 22:58 #52

TheOther:

e hands out generous credits to an organization like the IMF.

I heard about Poland offering the IMF a loan a while back.
It makes a country look very strong to be able, in this world recession, to lend to the lenders.
I am not a fan of the IMF but as a tactical point, it makes Poland look good.

pawian:

attractive investment destination on the European real estate market

After what happened in Ireland, I think realestate is not a good sector to build a whole economy on.
Out sourcing, pharmaceuticals, I.T. etc... these things actually create something not just add monetary value to something that already exists.

I flew over Warsaw there last week, the amount of road works, it's one huge building site.

Peter Cracow	Apr 24, 12, 23:11 #53
The author was a Pole in case you haven't noticed I have noticed it, of course. But it makes worse! He has just translated one of the trivial, panic old Polish articles. Actually 90% of foreign articles about Poland are translations from (mostly outdated) Polish articles with all their faults.

pawianThreads: 90 Posts: 5,399 Joined: May 30, 08 ♂	Edited by: pawian Apr 24, 12, 23:14 #54
SeanBM: I flew over Warsaw there last week, the amount of road works, it's one huge building site. Shyt, we are losing our Polish identity somehow. We are becoming Western Europe. What a shame! Shall I never drink freshly milked, foamy warm milk from the cow`s udder in my life anymore? The beloved taste of my childhood? :(:(:(:(:(:(:(:

♂

Edited by: TheOther Apr 24, 12, 23:31 #55

Peter Cracow:

He has just translated one of the trivial, panic old Polish articles. Actually 90% of foreign articles about Poland are translations from (mostly outdated) Polish articles with all their faults.

According to this source, Poland is chosen by foreign investors mainly because it offers cheap, educated labor. Maybe Adam Leszczynski has a point after all?

http://www.busa.org.za/docs/Unique%20Investment%20Opportunities%20in%2 0Poland.pdf

"Owing to its still relatively low labour costs and highly qualified young workers, Poland is the leader in attracting direct foreign investments. ... According to the Polish Information and Foreign Investment Agency (PAIiIZ), the decisive factor in BOS companies choosing Poland is the availability of highly educated and relatively inexpensive professionals."

pawian:

Foreign direct investment in Poland rose 46.7 percent last year, reaching $14.2 billion, up from $9.7 billion in 2010,

You forgot to mention that there was a decline of 32% in 2010...

http://www.paiz.gov.pl/poland_in_figures/foreign_direct_investment

Peter Cracow	Apr 24, 12, 23:35 #56
Shyt, we are losing our Polish identity somehow I found out that I hadn't seen a horse since 1997...

pawianThreads: 90 Posts: 5,399 Joined: May 30, 08 ♂	Edited by: pawian Apr 24, 12, 23:48 #57
Peter Cracow: I found out that I hadn't seen a horse since 1997... Here you are: Ojców National Park near Krakow: Traveling around Poland - our photo stories with very personal commentary

Grzegorz_Threads: 81 Posts: 6,213 Joined: Nov 16, 06 ♂	Apr 25, 12, 16:17 #58
TheOther: Do you really believe that Poland would have made it this far without outside help? You mean without being EU member ? It would be far ahead in my opinion.

jon357Threads: - Posts: 621 Joined: Mar 15, 12 ♂	Apr 25, 12, 16:28 #59
Grzegorz_: You mean without being EU member ? It would be far ahead in my opinion. Fascinating. Do tell...

IronsideThreads: 59 Posts: 6,786 Joined: Feb 26, 09 ♂	Edited by: Ironside Apr 25, 12, 17:08 #60
The EU success story ?Poland's economy is blooming or booming, if you mean going boom - then you are right !

POLAND . The Unofficial Guide	Unanswered \| Archives
POLAND . The Unofficial Guide	Culture and Customs of Poland	Witamy, Guest \| PF Members \| Gold Members

Home \| Unanswered \| Archives \| Random \| Statistics	Time in Poland: 21:14 / May 26
About Us \| Contact Us \| Rules, Privacy \| Poland Advertising	© 2005-12 PolishForums.com