Bankrupt account holders, this bank has screwed everyone
Anyone who lived through the 2000s knows well that the possibility of banks going bankrupt and that they leave all the account holders broke is real. Although it is often thought that banks are immune to any type of crisis or difficulty, in fact this is not the case and history teaches it: the failure of Lehman Brothers had consequences on the world economy.
Today we are going to tell you about a situation that could soon affect you too, without you knowing it. In Italy, but not only, many citizens have been complaining for some time now about wages too low and high living costs. This difference generates significant impoverishment, which makes it difficult to plan one’s future with serenity.
Many companies, therefore, to satisfy their employees are proposing even significant wage increaseswhich make everyone happy and, only apparently, improve the condition of everyone. In reality, however, this is not the case: this bank has announced it, the blow is near.
Bad news for account holders: salaries must go down
The Banks of the Central European countries are speaking, since salaries are growing out of all proportion and at a rate decidedly higher than the European average, they are worried about a return of inflation. For this reason, the Bank has decided that it will slow down the pace of rate cuts: consumer demand and wage growth, in fact, increase the risk of inflationalready important in Central Europe after the Russian invasion of Ukraine in 2022. This inflation has led to skyrocketing prices of many basic goods and economic growth may slow down as a result.
Only in the first quarter of 2024, in the Czech Republic hourly wage costs have increased significantly and the same happened in Poland, where they increased by 1401%: this was determined by the increase in the minimum wage, which also here reached the levels of Greece and Portugal.
Predictions for the future
According to the European Commission, inflation in Poland also in 2025 it will remain unchanged at 4.2%. In Czech Republic this will be stable at 2% in both 2024 and 2025 and also in this case wage growth is the main risk for inflation growth. Same situation as in Hungary which, last week, cut the main rate by 25 basis points.
