Analysts criticize government's lack of enthusiasm for economic reform

Analysts with BRE Bank have criticized the government for its lack of commitment to economic reform. According to Janusz Jankowiak, chief economist at BRE Bank, the government has opted for generating an economic recovery by means of increasing demand, instead of carrying out an economic restructuring and combatting inflation and the budget deficit. The analysts were also critical of the government and Sejm deputies for their efforts to undermine the credibility of the National Bank of Poland (NBP) and its Monetary Policy Council (RPP). Jankowiak said the government has already accepted that Poland will not be joining the euro before 2010, although the NBP still supports adopting the single currency as early as 2006. (Prawo i Gospodarka, pp.1, 8; Reuters) M.T.