Poland rejects borrow and spend

Author (Person)
Series Title
Series Details 29.11.08
Publication Date 01/12/2008
Content Type

Article reports that Poland announced on the 30 November 2008 an economic stabilisation package totalling 91bn zlotys (€24.1bn), although it contains almost no new spending. However, Poland has no intention of trying to spend its way out of the looming economic slowdown, Donald Tusk, the Prime Minister said.

The comments align his country with Germany rather than the US and the UK as international divisions grow over how to handle the recession.

Related Links
BBC News, 1.12.08: Poland launches stimulus package http://news.bbc.co.uk/1/hi/business/7758154.stm
France24, 30.11.08: Poland adopts €24bn 'stabilisation' package http://www.france24.com/en/20081130-poland-adopts-24-billion-euro-aid-package-finance
Polskie Radio, 1.12.08: Poland’s government has revised downwards protected GDP growth for 2009 from 4.8 percent to 3.7 percent. http://www.polskieradio.pl/thenews/business/?id=97053

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