Central Bank chief stands his ground

Image : International Monetary Fund/Thomas Dooley

“No chance that any laws have been broken,” said Marek Belka, the head of Poland’s National Bank. Belka defends his case and says that he will not resign, according to an ISBnews brief of an Interview made by Polish Radio.

“The preamble of our Constitution says that various state organs should cooperate. Further, article 3 of the National Bank Act, says that the central bank should support government policies, so long as it doesn’t disrupt the primary goal of insuring price stability,” said Belka in his defense. He is under fire for allegedly succumbing to calls for intervention of the central bank.

The current tape-recording scandal reveals compromising conversations between Belka and Minister of the Interior, Bartłomiej Sienkiewicz, where both seem to be making deals regarding important government policy and strategy for the upcoming elections. Sienkiewicz wants the central bank to take an active role in shrinking the public debt, while Belka asks for favorable legislation and the dismissal of the then Minister of Finance, Jacek Rostowski.

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