European News and Poland Thread 2

Jooooon....don't make me post another Berliner Döner pic!!!!

Last time, you posted a London one.

About your question, I'd need a crystal ball to answer that.

...dammit.....to both!

I respect your right to be wrong. :):)

I'm not aware of the particular criticisms of US private equity firms, There always seems to be criticisms of private equity, though. Some of it legit, some of it not. Private equity can act like mercenaries, but they have also funded a lot of innovations that we value and saved failing companies from going under.

I know one guy who worked for a company that was bought by a priv eq and he said it was hell; another buddy's been working for another company owned by a diff priv eq and he loves it.

Likewise.


Huge at the moment here; largely because of buying stakes in companies, doing some fairly complex financial jiggery-pokery, taking out loans in that company's name and paying the cash out to themselves while the company is saddled by a debt burden. Several have gone under since they no longer had either cash reserves or borrowing power when external factors became adverse to them, and that of course becomes a political issue when there are job losses.


Instead I can give you a recipe I just made. laptops are a handy thing; you can take them in the kitchen and go on PF while cooking:

bbc.co.uk/food/recipes/stuffed_aubergines_64908

Hmmmm....looks really good......take out the breadcrumbs and it's even Keto....mjammi! :)

I wish I had, since they spoilt it a bit.

This is not a cooking thread, get back to the topic of the thread [please

Sure. European news and Poland then.

"Belgrade just hosted the biggest gathering of world leaders you've never heard of"
euronews.com/2021/10/15/belgrade-just-hosted-the-biggest-gathering-of-world-leaders-you-ve-never-heard-of

If relations between Poland and the EU deteriorate, should Poland join up with Serbia in the non-aligned movement? It would mean distancing the country from NATO however the relations between Poland and Serbia run long and deep.

You should celebrate it as much as you would deteriorating relations between Poland and any communistic bureaucracy craving more and more power.

You would be surprised.


Lechia could originally come from LED, `ice`. Serbian epic poetry sing about our connections with `ledijani` (our people from the frozen land, north-man).

You could benefit from LED, connect it to the electricity.

LED light actually coming from Serbian LEDENO. Its cold light. Led = ice

Tesla was first to predict the LED light so comes the term.

I think you need to ajust your frame of reference. ( I hope I have used the right phrase). I mean you sound like someone who is out of the loop - that is someone who doesn't understand how the EU works. At all.

They are foreign companies only when it comes to transferring profit back to their country.
Why don't you open wide your market to Chinese companies? All of them. See how it works for you! Still you would be in a better postion than Poland due to strong economy.

German think that some money to goes to Poland is more than ample compensation for exploitation.

Our market has tons of foreign investment, including China.


You are absolutely correct.

However, you still haven't answered why foreign companies that transfer profits back to their home countries is a problem. I legitimately would like to know why it is a perceived problem. How is Poland being exploited by foreign companies? I'm sure there are companies that are exploitative to some degree, but are all of them? Do foreign companies in Poland not hire Polish workers, pay Polish tax (including payroll taxes), purchase Polish products and services (example, logistic services, maintenance services, etc.)? Would Poland be better off without foreign investment in your estimation and why?

Again, you've done a good job diagnosing my ignorance, would you now be so kind as to elucidate my ignorance? :)

"In the interview, [Mateusz Morawiecki] demanded that the Commission retract the demand for daily fines paid by Warsaw for not implementing the Court of Justice July decision"

"He also threatened to use "retaliation", potentially including opposition to EU climate change policy."

Canceling those "green" policies would be of great benefit to the economy of Poland.

If Poland manages to hold the only real benefit of the EU membership: access to the open market while canceling most of the negatives [that is most of the EU regulations], being an EU member may be bearable.

euractiv.com/section/politics/short_news/polish-pm-says-commission-risks-world-war-iii/

Nothing, if you phrase it like that. Everything if you read it in the context.

reuters.com/world/europe/eu-top-court-orders-poland-pay-1-million-euros-day-rule-law-row-2021-10-27/

Wow! Now that must be a first....

They can pay it with the support funds?

Or they just do it now!

"....Poland has said it will abolish the chamber as part of broader reforms, but has not yet presented detailed plans."

What's the context that makes everything about transfer of profits a problem?

What I would like to know......would you also talk like that about british companies in Poland.....or french companies.....or hungarian companies....or chinese companies...

Or does it have to be german companies to make it "exploitation"?

It's a problem to the leftists with the jailer mentality. In their "minds", you and what you think you own is state property. What the state does not need, it's yours to use.

Its the EU context. The way it works or doesn't works.


WE are talking about German companies because there many of them, they are making a lot of money in Poland. While Germany rules the EU.

So...with chinese companies transferring their profits home you would not have any problems?

PS: Just to be clear....you KNOW that the profits of the german company don't go into Germany's state pockets, do you?

That's very vague and doesn't broach the question of why it's a problem for a German company to transfer it's profits back into Germany in an EU context.

How does an EU context differ from a non- EU context? Like BB mentioned, do you think there's a difference with a Chinese or American company to transfer profits than a German company?

Who do you believe owns those profits? Why do you think they should remain in Poland?

Also, exactly how much transferring is going on? I'm not sure how it works within the EU, but profit transfers usually have to pass through some type of repatriation taxation, which may limit the amount of profit a company transfers.

Not to mention the wages paid for the polish workers...the insurances etc....

What about the Poles working in Germany sending their earned money home, would that count es "exploitation" too?

Just asking....here seems to exist some confusion....

Yes! That's often overlooked, as well as other things such as contracting local services (maintenance, construction, IT, utilities, etc.), retail, and taxes collected on those wages, sales, etc.

That's not say there aren't corrupt and exploitative companies, but it's not an inherent feature and most play by the rules.

*nods*

Interesting situation.....a polish worker in a german company in Poland will most probably take his earned money into polish shops, supporting the polish economy with his consumption....Poland is profiting!

The polish worker in Germany on the other hand, who sends most of his money home for the family (or saving it up for later) is depriving the german economy of that consumption, his in Germany earned money is used to support the polish economy. Germany is not profiting!

Who is exploiting whom?

See Cojest? It's not so clear cut as you might think....

What factor made Germany the first power in the EU? A state or the German state backed up by the strong companies? Their profit matters a lot.

A hudge chunk of that profit is made in Poland. Keep it in mind the next time you talk about Poland and EU funds.


Foreign companies can operate in a country in a specfic area or within a legal framework of a counrty they operate in.
In the EU they can operate as if they were domestic companies.
They undercut domestic firms.

Keep in mind that both companies and employees also pay taxes in the country they work, from which the host country benefits.


That is called competition, one of the main advantages of capitalism. Polish companies do the same elsewhere.

I have no idea....you tell me?


Which would that be?

economy?


I don't know you tell me.