The future of the PM and government is in question

The markets have already began to react in a knee jerk fashion, with the złoty rapidly losing its value. Tomorrow, Belka will give a lecture for the Stefan Batory Foundation, where, it is rumored, he will make "an important political statement". The press speculates Belka will announce his support for the newly formed Democratic Party. In an interview for weekly Polityka Belka admitted that he did not reject Władysław Frasyniuk's invitation to help build the party. If Belka took this step, it would provoke the Democratic Left Alliance (SLD) to withdraw its support for the government and would force a June general election. Others are speculating that Belka will not desert the SLD and will simply announce that a general election will be held on June 19. This possibility is supported by the fact that he has said that he does not want to trigger a political crisis and that he will not resign. The news, nevertheless, made investors feel uncertain, and the złoty fell by 1% against the euro. "The market will not be stable on Wednesday. The złoty may continue to depreciate," said Pekao bank currency dealer Mariusz Trzpil. (Rzeczpospolita, pp. A1, A3; Gazeta Wyborcza, pp. 1, 2; Parkiet, pp. 1, 2) D.W.