Banks and financial institutes is always out to keep the money they make. Look at what happend to Nordea when some swedish politicians talked about making a bank tax to limit how much the banks can profit.
I dont trust the bank to actually do what is best for me.
Neither do I, but a loan is commonly considered as an incentive that makes you work on settling it (given that it is a reasonable amount of money, you can hardly settle down 5,000,000 euro debt with high interest rate, which makes it grow faster than you can pay it out).
I think you overestimate how litterate people are with their understanding of money. Sweden has one of the highest debt level per capita and just image what will happen when its bursts. Its going to be Greece 2.0.
But that just my take, Im really concerned with how the economy is doing here and that people are totally unaware of what we are heading.
Well, you can still opt for living elsewhere, it's quite easy for the Europeans ;)
That the plan sometime in the future. Problem is to find where. I would love to go to Iceland, but my gf doesnt appreciate that idea at all 🫣
They screwed their marketing totally ;) Try Greenland, it sounds way better :)
Haha yeah those two should have switched names xP
Afram ísland 🇮🇸🇮🇸🇮🇸🇮🇸
I have a feeling you are not so much doomer as I am 🤣
I have just so little hope that the politicians actually want to make it better for the everyday people.