Hosting Euro 2012 may cost the public dearly

Their message: the games will force prices up, homes will become even costlier and bank loans less available. The expected economic boom could trigger large inflationary pressures as salaries in the most directly affected sectors are likely to shot up by several dozen percent, causing domino effects elsewhere. "There is already a shortage of construction workers. Their salaries jumped 30% last year, but if they demand 50% more now, they are sure to get it," says Malgorzata Krzysztoszek, chief economist at PKPP Lawiatan, the employers federation. (Dziennik, p. 9) R.M.