New rift in government looms as Finance Minster to make policy statement
After ten days of silence, the new Finance Minister Grzegorz Kolodko will
finally unveil his economic policies to the Cabinet. However, today's
meeting could be a stormy one as Economy Minister Jacek Piechota has
threatened to resign if Kolodko proposals were unrealistic. Piechota was
immediately warned by the Prime Minister not to talk about resigning, as it
might be quickly accepted. Piechota's declaration are probably related to
Leszek Miller's Sunday interview on Radio Zet, when he said that the Finance
Minister had been told to prepare a plan to help decrease the debts of
state-owned companies facing bankruptcy. Later today the public should find
out whether Kolodko will propose the devaluation of the zloty, suggest a
currency board against the euro, or propose to raise import duties.
Economists are speculating that Kolodko might choose this last option if he
plans higher budget expenditures without increasing the deficit. However,
Labor Minister Jerzy Hausner admitted that the budget deficit might be
decreased for 2003, but he excluded the possibility of introducing new
import duties. (Gazeta Wyborcza, pp. 1, 2, 18; Rzeczpospolita, pp. A1, B2)
M.M.