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| Europe |
| Poland reduces public debt through pension funds overhaul |
| 2013-09-07 |
| [Rooters} WARSAW, Sept 4 - Poland said on Wednesday it will transfer to the state many of the assets held by private pension funds, slashing public debt but putting in doubt the future of the multi-billion-euro funds, many of them foreign-owned. They'll be safer and appreciate more rapidly under gov't control, you'll see. The changes went deeper than many in the market expected and could fuel investor concerns that the government is ditching some business-friendly policies to try to improve its flagging popularity with voters. Deeper changes than expected you say? In Poland as well? The Polish pension funds' organisation said the changes may be unconstitutional because the government is taking private assets away from them without offering any compensation. Yes, more commonly referred to as theft, and coming soon to a country near you. |
| Posted by:Cretle Snutch3791 |
| #5 Doesn't Poland (and the rest of Europe) have any lampposts left? |
| Posted by: Barbara 2013-09-07 19:32 |
| #4 Rangel and others in the US Dem side have floated this balloon here. "We'll |
| Posted by: Frank G 2013-09-07 17:13 |
| #3 ...and now, something completely different...or not.....Ireland On Tap, Next Up For Citizen Fund Confiscation (Again) (WARNING: Nervousness Alert).... |
| Posted by: Uncle Phester 2013-09-07 13:41 |
| #2 The model for Obastard's regime. Hillary's on board, she likes taking things. I figure this will be a hot topic by January assuming Syria doesn't explode in our face. |
| Posted by: AlanC 2013-09-07 08:29 |
| #1 Confiscation is the new "overhaul"... |
| Posted by: tu3031 2013-09-07 01:49 |