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Rzeczpospolita - Poland | Tuesday, January 20, 2015

Don't help Polish franc victims unconditionally

The Polish Finance Minister, the head of the National Bank of Poland and representatives from the Polish Financial Supervision Authority will discuss measures for combating the franc crisis today. Borrowers should only receive state support under certain conditions, the conservative daily Rzeczpospolita believes: "Grown people took out loans in Swiss francs. For the most part they were well educated. And they had enough time to assess the risks associated with such commitments. Of course they shouldn't be condemned just because they wanted to have a normal home. The state must take action to avoid a large group of them filing for personal bankruptcy, so it should help them out. But this support must not be automatic. ... In any case, the most important lesson for Poles is that certain transactions carry financial risks. Our compatriots must not get used to living at the taxpayers' expense."

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