Stung by the end of an economic miracle which let him sell Poland as a green island of growth in a barren continent, Prime Minister Donald Tusk is under increasing pressure to give a little ground on his tough line on budgets.
A stream of indicators show the only country in Europe to avoid recession throughout four years of financial turmoil is finally succumbing, helped by the end of the huge cash injections for the Euro 2012 football tournament. Continue reading
One of the things that always surprises me about conservative foreign policy commentary is the extent to which a country’s security relationship with the United States is used as a proxy for all of its other economic and social policies. Continue reading
A leftist Polish MP has tabled a proposal for the Polish state to request a 400-year-old loan rom financially troubled Spain.
Тhe loan was taken by Spanish King Philip II (1527-98) from Poland’s Italian-born Queen Bona Sforza (1494-1557) to finance the war between Spain and France for control of the Kingdom of Naples, writes the Telegraph. Continue reading
Poland’s slowing economy
A star performer in Europe that should be doing even better
POLAND’S new national stadium is a symbol of optimism. The firm that built it is as German as it is Polish. Germany’s football team is also a symbol: two of its best players are as Polish as they are German. In economics, Poles and Germans get along as never before. Germany benefits from low production costs on its doorstep. Poland gains from German demand and investment. It boasts the fastest growth in the EU: this year, GDP should rise by at least 2.7%. Continue reading
Greece’s growing political problems are having a knock-on effect on the Polish zloty as investors flee emerging markets, which in turn is causing political problems for Poland’s government.
The Polish zloty slumped by 2 per cent against the dollar and by 1.4 per cent against both the euro and the Swiss franc on Monday, continuing a slump that has seen the zloty fall from 4.08 to the euro in mid-March to 4.30. Continue reading
A revolution is under way in Poland as the government moves to cut large subsidies for Poland’s powerful Catholic Church and give taxpayers more choice in funding it.
The rise of a new anti-clerical party is symptomatic of growing pressure to reduce the traditionally strong ties between Church and State as more liberal influences flood in from western Europe. Continue reading
Poland’s ruling Civic Platform party will try to convince its junior coalition partner, the agrarian Peasants Party, to back a pension overhaul that seeks to raise the retirement age, Rafal Grupinski, head of the ruling party’s parliamentary group, said Wednesday. Continue reading
The Polish government is working on introducing levies on the production of hydrocarbons in the country, said Finance Minister Jan Vincent-Rostowski. Implementation will take several years. Continue reading
Poland will have to take additional measures if it wants to cut the budget deficit to 3 percent of gross domestic product this year, Standard & Poor’s said. Continue reading
Polish bonds beat German bunds and U.S. Treasuries in risk-adjusted returns since Europe’s debt crisis started three years ago, indicating the country that restructured a $35 billion debt load two decades ago is becoming a regional haven. Continue reading