Speaking of arguments against Polish central bank lending 5 billion euros to the IMF, here's an additional piece of hilarity. In an essay titled Don't Touch Our Currency Reserves, one Tadeusz Swiechowicz goes through the reasons why it's a bad idea for Poland to do this. Here's one of the reasons he lists:
Italians are capable of paying down their government debts themselves. The average household income in Italy is equivalent to 2 million PLN annually. [PLN is code for zloty, the unit of Polish currency--przemek]A mind-boggling figure indeed, as made up figures tend to be. CIA World Factbook tells me that GDP per capita in Italy is currently around $30,000. Right now, 1 USD buys 3.4 PLN, which means Italian GDP per capita expressed in PLN is 102,000. So apparently, Mr. Swiechowicz believes that the average household size in Italy is almost 20 people.
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