"People are not as stupid as we think.They are much dumber," T.Lis said a twelve years ago, directing these words to a peculiar group of people who disagreed with his views. due to the fact that this saying is publically available I will usage it to direct his message to SAFE supporters. Almost 44 billion loans alternatively than grants, without indicating a circumstantial interest rate, providing exchange rate risk, conditionality mechanics that gives the lender the chance to suspend this program and order the acquisition of arms only from EU countries and another undisclosed components of this agreement may prove little advantageous than most of the parliament reveals to the public.
Let us decision this agreement to Poland, Polish lender and borrower to realize certain mechanisms. Bank Modernization Apartments /BMM/ announces recruitment of customers who are willing to take advantage of their offer. 1 of them is Jan Kowalski, the owner of the old M-4 built in the Game Age. He goes to the bank to negotiate. He asks for the interest rate and receives information that the interest rate is low. It is essential to renovate the flat does not dig into the subject of interest for fear that it will already be denied credit at the outset. BMM sets certain conditions that the client must meet. acquisition of building materials, housing equipment with household appliances, furniture and another items he will request in the renovated flat should be purchased from the companies indicated by BMM. Since J. Kowalski will be the 1 to repay this debt without having cognition of the interest rate and forced to follow instructions regarding the acquisition of equipment needed for average functioning, he resigns from this occasion. Why? due to the fact that in this case, the borrower has nothing to say, he is not the decision maker of BMM commands.
In a akin situation there is now a governing coalition whose task is to take out a debt and spend as instructed by the lender. Unfortunately, they don't think about it, they don't care about the future.
I stay with the hope that at least any supporters of this debt will clarify this description in their minds. In my opinion, this is not a good business and what do the readers think?
