No, it's not what you think, it's 2 programs, government and presidential fighting for universal acceptance. Both the presidential program and the government program have, as the classicist and erstwhile president of Wales utilized to say, their positives and negatives.
Let's start with the president and the head of the NBP. The advantage is that the debt would not be remunerated, paid in Polish currency and would not be subject to another conditions placed by the EU in the credit agreement. The problem is, we don't know precisely erstwhile the NBP could start handing over the money needed for the weapons. The NBP in the fresh period, alternatively of profit, generates losses and does not discharge to the budget 95% of the profits earned. Why is this happening? The situation is akin to what it was with the EU holding back Poland's money from KPO. The EU did not transfer money to Poland due to the fact that it was an inappropriate government. The NBP does the same thing. alternatively of generating profits so far and feeding the budget since the change of government generates losses. And there's no way to fool yourself that these financial measures don't depend on what the option is at the minute due to the fact that they do.
The EU program is like the Czechoslovak movie "No 1 Knows anything". We do not know precisely how much the interest rate of this debt will be. We do not know whether the interest rate will be fixed or variable, we do not know what another secrets this agreement contains in terms of alleged milestones which can be utilized in the future in a akin way to the KPO. We do not know what the final, financial effects of the borrowing will be, whether by accident by borrowing for specified a long period, the repayment of interest and credit will sometimes be greater than the loan. We know we'll be paying it back by 2070.
Government Plenipotentiary for EU SAFE: "The first 10 years we don't number the capital at all, after 10 years we only start paying off the capital".Great, but for the first 10 years, we've been paying off interest. By rounding up the debt to EUR 44 billion and accepting 3% of interest, we will spend EUR 13.2 billion in the first 10 years and we inactive owe 44 billion + interest, which it turns out is to be interest rates A variable!. possibly you can explain to the borrowers, or the public, whether the rate of 3 % interest will be calculated not from the first amount of the debt and from the amount of debt we have in a given and subsequent years.
The government should prove to the public that these banking marketplace experts are wrong, who estimation SAFE's interest costs at 42 billion euro and the full SAFE cost at 340 billion PLN.
In this business, I suppose. "we'll go out like Zabłocki on soap"
