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How to create economic growth

18/02/2012

Poland, but also some other East European countries (except of Hungary) should increase their investments and not to cut it, as some of them are forced to do. Most of them have relatively low public dept, (mostly bellow 50% of the GNP, except of Hungary), on the other hand, in spite of being part of the European Union, their population lives in shamefully low standard of living and have a big deficit in infrastructure. All the money saved in the European banks, by not been wasted in the government bonds of the troubled economies of the P.I.I.G.S. countries, should be channeled into Poland, Romania, Bulgaria, Czech Republic, Slovakia etc. Compared to any other alternatives, it will definitely bring the highest yield on investments, and be the least risky investments. The time came to explain to these self imposed  “Bankers”, that if any entity, be it private or public has liabilities of higher value than its assets, giving them loans is a very risky business. This I call fundamentals.

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