Poland seized private pension funds and have mandated those money to be invested in government bonds last February. Beware – this is coming to a theater near you. The Polish government seized $51bn of privately run pension funds and transferred them back into “state control” in a dramatic reversal of a reform that central and eastern European countries had once embraced to help develop capital markets after the fall of communism.
Posted on: Tue, 18 Nov 2014 14:06:48 +0000
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