Poland: holidays for debtors – economy

Of

Victoria Grossman

In Poland, not only school children are currently on vacation, but also the credits of adults. The so-called credit vacation are one of the measures taken by the right-wing populist PiS government: it defers loans to relieve private households in the crisis. The crisis looks like this at the moment: At 15.5 percent in July, the inflation rate was the highest in 25 years. The Polish złoty has fallen to an all-time low, instead of 4.5 as in February you will soon get five złoty for the euro.

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