Paying for Paris
According to Andrzej Ciopinski, deputy head of the Finance Ministry's debt office: "Issues on various markets are possible, including the dollar market. An issue on the dollar market would be a benchmark, meaning it would be at least $1 billion."
Warsaw has yet to secure agreement from Paris Club members for its payback proposals. The government is required to get agreement from each creditor nation individually, as the original contracts were bilateral and based on different conditions.
Poland is the only EU member still burdened with a Paris Club debt, which currently stands at around zł.50 billion. (Reuters)
L.M.
Warsaw has yet to secure agreement from Paris Club members for its payback proposals. The government is required to get agreement from each creditor nation individually, as the original contracts were bilateral and based on different conditions.
Poland is the only EU member still burdened with a Paris Club debt, which currently stands at around zł.50 billion. (Reuters)
L.M.
