Newsclip®: [Business] Poland awaits Moody's report amid concern over new policies - Beaumont Enterprise

"WARSAW, Poland (AP) — Poland is bracing for a possible credit downgrade by ratings agency Moody's on Friday amid international concerns over the new government's move to erode the independence of key institutions and increase spending. Marcin Mrowiec, economist at Bank Pekao SA, said investors are mostly nervous about the Swiss franc conversion plan since it has the potential to destabilize some banks, perhaps even the whole banking system, if the costs to the banks are great. Mrowiec said that several factors contributed to the slowdown: uncertainty over the government's fiscal plans; changes in management at state-run enterprises, which resulted in a temporary slowdown in investments; and a gap between two spending periods by the European Union, whose cash infusions have been a key source of Poland's growth over the past 12 years.", www.beaumontenterprise.com


0 comments | 1 clip

advertisement

 

Last clipped by


Hey! Thanks for checking out Newsclip®!

Click on this Trending Newsclip® Stack to read other top media reports on this topic.

Be sure to clip to your personal newspaper, like, comment and share!

Newsclip® is the leader of Social News Discovery®.
Feedback



Welcome to the Newsclip® beta release!

Please enjoy the site during our beta phase and provide us with feedback on suggestions and issue details. Please remember that we are still in beta and there will be issues and site changes during this time.

Newsclip® the leading Online Social Newspaper, find trending articles through Social News Discovery®!

Invite Friends to Newsclip®

Invite your Facebook friends to follow you!

You can reopen the "Getting Started Tutorial" dialog from within the About menu in the top right corner.