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Re: Polish plumber goes wild

September 22nd, 2022, 11:32 am

from a BBG news report:

Swiss franc appreciates to as much as 5.0069 zloty, pushing Polish currency to record low a day before rate decision by Swiss central bank (...) .The currency is closely watched by about 350k households in Poland who are paying off Swiss franc mortgages.

Can you please explain why these CHF mortgages in Poland?
 
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gatarek
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Re: Polish plumber goes wild

September 22nd, 2022, 11:51 am

There were mortgages indexed to CHF in order to lower the interest paid. Some bank managers wanted to outsmart the market.
 
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katastrofa
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Re: Polish plumber goes wild

September 22nd, 2022, 2:23 pm

Mortgages in PLN were much more expensive than those in CHF, CHF had been considered a very stable currency, and PLN grew in strength after the EU accession… I guess the sales people didn’t explain the foreign exchange risk too thoroughly either.

As above, sorry, I didn’t notice Gamal’s answer :-)
 
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gatarek
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Re: Polish plumber goes wild

September 22nd, 2022, 3:05 pm

That product wouldn't be legal elsewhere of course but post-communist countries are sometimes specific.
 
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katastrofa
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Re: Polish plumber goes wild

March 23rd, 2023, 4:47 pm

Wild aka natural?
The Polish plumber promoting Eastern Europe in Western Europe got dully assimilated: +40 kg and own finance company (-:
Image
Seriously, he seems to be a positive guy.
 
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Re: Polish plumber goes wild

October 15th, 2023, 7:59 pm

 
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Cuchulainn
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Re: Polish plumber goes wild

October 16th, 2023, 7:54 pm

Polish builders have demolished an 18th Century chateau in Bordeaux belonging to a Russian businessman, apparently by mistake.
They paved paradise, put up a parking lot
With a pink hotel, a boutique, and a swingin' hot spot


Don't it always seem to go
That you don't know what you've got 'til it's gone
They paved paradise, put up a parking lot
(Ooh, bop-bop-bop-bop, ooh, bop-bop-bop-bop)
 
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katastrofa
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Re: Polish plumber goes wild

October 17th, 2023, 11:53 am

The smallest balalaika in the world playing just for russian oligarchs...
 
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katastrofa
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Re: Polish plumber goes wild

October 19th, 2023, 1:49 pm

 
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Re: Polish plumber goes wild

October 24th, 2023, 7:31 pm