Zerohedge
by Tyler Durden
September 6, 2013

While the world was glued to the developments in the Mediterranean in the past week, Poland took a page straight out of Rahm Emanuel's playbook and in order to not let a crisis go to waste, announced quietly that it would transfer to the state - i.e., confiscate - the bulk of assets owned by the country's private pension funds (many of them owned by such foreign firms as PIMCO parent Allianz, AXA, Generali, ING and Aviva), without offering any compensation. In effect, the state just nationalized roughly half of the private sector pension fund assets, although it had a more politically correct name for it: pension overhaul.

(excerpted)
http://www.zerohedge.com/news/2013-09-06...reign-debt-load

WOW

Thanks for posting. I had not seen this.

I wonder if this is an unintended / intended consequence of the air crash in 2010 that killed 96 members of the {IIRC then conservative} Polish government.

https://en.wikipedia.org/wiki/2010_Polis...ce_Tu-154_crash