Will Poland go broke?
Posted on February 5, 2009 by admin
According to the website of the leading Polish TV news channel TVN24 and German newspaper Die Welt, Central European countries and new members of EU are threaten by the possible economical crush. Die Welt points out the dangers of the strategy of the Polish government to relief the effects of the economical crisis. In fact, the government strategy to save as much money as possible can bust the speed of drop of the value of Polish Zloty by next 10 percent.
The drop is easy to trace even here on my blog. 2 weeks ago I have compared the prices of MacBooks in Ireland and Poland (MacBooks are cheaper…). At that time, 1 Euro was 4.40 PLN. Today 1 Euro is 4.65 PLN. The economical forecast for the next weeks is rather bad. People expect Euro to cost 5 PLN in the couple of weeks.
Following Die Welt: “Weakening currencies will increase value of debt and a strengthened capital flight, which aggravates the already critical economic situation and may lead to further decreases the value of the Zloty, Forint and Crown“. Die Welt blames the governments and the central – national – banks.
Source in Polish: http://www.tvn24.pl/-1,1584910,0,1,polsce-grozi-krach,wiadomosc.html
