SME and banks top government list for crisis aid

Gazeta Wyborcza has gained access to official documents, prepared by the PM's adviser, Michał Boni, which revealed the assumptions upon which the government will fight the global financial crisis.

According to analysts, the domestic banking sector is not endangered although, "Poland is not an island."

While the International Monetary Fund predicts 2009 GDP growth in Poland will hover around 3.8%, in Germany, the UK and Ireland, it will be close to zero or even negative. The report concludes that state guarantees should be ensured for small and medium sized enterprises which are planning to take loans.

Moreover, the state should consider increasing guarantees on the interbank sector. Another issue is increasing investments which are cofinanced with EU subsidies.

Source: Gazeta Wyborcza (A.K.)