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Poland's debt spiral costs borrowers at least 1–7 billion złoty
📈 Business

Poland's debt spiral costs borrowers at least 1–7 billion złoty

Economist Andrzej Rzońca estimates the total cost of Poland's debt spiral at between 1 and 7 billion złoty, equivalent to 6.9–53.1% of non-bank loans — the segment that carries the greatest risk. The analysis highlights a serious threat to the personal finances of those relying on non-bank lending.

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