Ousted Treasury Minister's solution to the Eureko-PZU and BPH conflicts

The Treasury wants an Italian bank UniCredito Italiano to sell its stake in Bank BPH, thanks to which this country would avoid paying huge compensations. Poland is currently involved in two conflicts with European financial institutions. One concerns not giving control over PZU to Dutch investor Eureko, the other one resulted in the government's lack of agreement for the merger of two Polish banks owned by UniCredito: Peako SA and BPH. The author of the solution to these problems is Andrzej Mikosz, the dismissed Treasury Minister. According to Rzeczpospolita, Mikosz will remain in the Treasury Ministry and will continue his attempts to settle the two disputes. His idea envisages that Dutch Rabobank, which is financially connected with Eureko, buys from UniCredito the shares of BPH and creates a banking-insurance group with PZU. In return for the possibility of creating in Poland a financial group Eureko would give up its claims. So far the idea has not been officially presented to Eureko. "I think the Polish government is wasting precious time," commented Eureko's deputy president, Ernst Jensen. (Rzeczpospolita, pp. A1, B1) A.F.