PM holds TV conference to reveal anti-crisis package
In a live televised news conference on Sunday Prime Minister Donald Tusk announced a "Stability and Development Plan." There will be no spectacular savings, as the government is betting on bank guarantees and faster injection of EU funds.
Finance Minister Jacek Rostowski admitted that 4.8 percent GDP growth in Poland in 2009 is now a too optimistic figure and announced that he is likely to lower his estimate to 3.7 percent. "We are not an isolated island and we shall feel the influence of the global crisis," said the Minister.
To help stimulate the economy the government will spend zł.91.3 billion as part of an intervention package over 2009-2010.
Experts are divided whether the plan has any chance of succeeding, but they stress that for the time being it is still short of any actual concrete action, apart from ensuring that the funds are available.
Source: Dziennik (M.M.)
Finance Minister Jacek Rostowski admitted that 4.8 percent GDP growth in Poland in 2009 is now a too optimistic figure and announced that he is likely to lower his estimate to 3.7 percent. "We are not an isolated island and we shall feel the influence of the global crisis," said the Minister.
To help stimulate the economy the government will spend zł.91.3 billion as part of an intervention package over 2009-2010.
Experts are divided whether the plan has any chance of succeeding, but they stress that for the time being it is still short of any actual concrete action, apart from ensuring that the funds are available.
Source: Dziennik (M.M.)
