I’ve mentioned, or alluded to, a growing debt mountain in Poland many times before. Now I’m starting to see signs of people having difficulty repaying debt. I’m not sure I really understand the numbers being thrown around in this article, hopefully the original from Rzeczpospolita is clearer, but the general thrust is what I expected to see and suspect we will be seeing a lot more of in the coming months / years.
Will banks be exercising bad habits here in Poland because they can’t be seen to be doing it in other countries worse hit by the ‘credit crunch’ and they still want to try and get richer, quicker? Or will they have learnt their lessons and be displaying appropriate amounts of caution and due diligence here?
I wonder, is it actually possible for a bank to surprise me in a good way?