olcayto
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Ok, so i was wrong/out of date with sources. My bad. Still doesn't mean Poland has a sick economy which is the gist of this debate.
If you find anything that will support this view bring it "down" to my league and we will discuss it.
My man , lets discuss in a civil manner.
The biggest note i will give you about poland is this, their yearly budget revenue is just below 90 billion dollars.
Their public debt is lets say 50% of their gdp. Their gdp is 530 billion thus they have a public debt of 265 billion dollar.
Now i couldn't find any reliable source about the interst they pay for their debt. But for comparison a triple a noted country like the Netherlands paid last year 2,4 % interest for their debt. Poland is not a triple a country, but a ( -a noted country . I think you as well as I know that they would be paying at least 5% interest over their debt. 5% of 265 billion is 13 billion dollar.
now really thell me. Are these figures good for a country. Do you actually think that poland can survive with these figures and not get in line after spain greece cyprus italy?
I foresee that Poland will not be able to fullfill their payments in the near future if something does not drasticly change.
And they are one credit note away before they fall from A note to a B note, can you comprehend the outflow of foreign capital when that happns?