Are Poles bankrupt?

27 Jan 2011 #31

The real question is not if they are, but how much they are in debt?

Jane, give it a rest honey, your knowledge of economics is clearly as about as substantial as a hermit's address book.

SeanBM 35 | 5,806

27 Jan 2011 #32

the expat brigade that sit most nights in English/Irish bars - trying to put PL to rights, when they just about have their own life in order, are not what you class as an authority on PL. They do not immerse themselves in Polish culture and life, they lead a sub culture existence never wanting to be part of the host country.

Just to set the record straight.
I have no native English speaking friends, work colleagues or people in my daily life whatsoever.

I at least provide website links to backup my opinions on such matters otherwise it is just waffle,... Milky ;)

milky:
They are providing dis-information.

Ahh stop the world i want to get off.

:) :) :)

Harry

27 Jan 2011 #33

whatever is still in public hands is in debt, ex. Telekomunikacja Polska

TP hasn't been state owned for a long time!

grubas 12 | 1,384

27 Jan 2011 #34

Makim you are such a Polack and you should not discuss things you have no clue about.

jwojcie 2 | 762

8 Mar 2011 #35

Reading through this two interesting docs:

epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/3-23022011-BP/EN/3-23022011-BP-EN.PDF

epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-SF-11-004/EN/KS-SF-11-004-EN.PDF

it reminded me this thread. Here is some excerpt which explains clearly why global debt crash in last years wasn't so devastating for Poland and why it is not good to make false analogies between "old" and "new" Europe economies:

Only 1.2 % of the owners had a mortgage in Romania, followed by Slovakia (8.0 %), Poland (8.3 %) and Slovenia (8.5 %). In contrast more than 80 % of owners had a mortgage in Sweden, the Netherlands and Iceland.

As you can see, mortgages are still relatively small chunk of housing market in Poland.

Another one should explain to many how Poles are make ends meet:

At country level, one extreme was represented by Poland and Malta, with less than 10 % of tenants paying market
price rent, and the other by Denmark, the Netherlands and Sweden, with more than 95 % of tenants paying market-price rent.

This one somehow proves that Poland is rather safe country:

Crime and/or vandalism were perceived as a problem by 16.0 % of the EU-27 population. At country level the rates were highest in Bulgaria (28.6 %), Latvia (25.4 %) and the United Kingdom (25.1 %), while only 4.2 % of the population in Iceland, 5.3 % in Norway 6.6 % in Lithuania, and 6.7 % in Poland thought this a problem.

And last but not least, this one is about Polish poverty:

The population at risk of poverty, i.e. individuals living in households where equivalised (i.e. per individual) disposable income is below 60 % of the national median, was more likely to be living in overcrowded conditions (30.1 % at the EU-27 level). The highest percentages were recorded in Hungary (75.4 %), Poland (64.9 %) and Romania (64.8 %), while the lowest were in Cyprus (2.7 %), Spain (5.1 %), the Netherlands (5.5 %) and Malta (5.6 %). In Luxembourg, the Netherlands, Germany and Belgium as well as in Norway the percentage of persons at risk of poverty living in overcrowded conditions was more than three times higher than for the total population