Credit Holidays in Poland: Take from Poor, Give to Rich?
The Credit holidays Act came into force in Poland. The work on it was accompanied by a surprising in recent years political unanimity. The bill was supported by 453 deputies and 98 senators.
loans
Poland: Moving Away from the Forced Conversion of Foreign Currency Loans Is a Good Step Forward
Taking a loan in a foreign currency puts both borrowers and banks at risk. At the time of signing the contract, both providers and takers neglected the possible weakening of Polish zloty, believing in its further strengthening. Besides the fact that one can easily learn about it from various sources, the majority of borrowers knew that such a danger exists.
Polish ‘Swiss Franc Loans’ Problem
The dramatic upsurge of CHF/PLN exchange rate in mid-January 2015 triggered in Poland a wave of discussion on the situation of people with mortgages in Swiss currency and who should be deemed responsible for such a state of affairs.
