agiamas
Joined 14 years ago
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Member since
Jun 10
Joined 14 years ago
But yeah, overall it's highly personal depending on personal circumstances than anything else.
It's not an engineering problem at all at its heart.
It's a marketing/business problem that someone somewhere is thinking that Amazon can provide a free service to X users, knowing that Y (X, Y positive, Y << X) users will go over their "free tier" usage and pay for all X's costs, maybe even more, making the free tier a profitable business on its own.
Then you go to Greece and you pay exorbitant transaction fees for everything. 3E for any incoming transfer, regardless of amount. 10-15E to transfer 10k between banks in the country. Sky high interest rates for lending, unreasonable guarantee requirements and it's still really hard to get a loan. And then you get 0.25% for saving accounts. e-banking that may be pretty looking but a shame functionality wise. And you only have 4 banks (+1 zombie bank). The bankers are still making bonuses like it's 2007 and the public is funding them with transaction fees. The traditional banking business model of making money from the spread between lending and savings rate is pretty much dead.
I can't believe there can be any other country worse than Greece in the EU. Change my mind =)