TITLE

Competitiveness Challenge

PUB. DATE
June 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Jun2005, Vol. 12 Issue 6, p4
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports that, given his party's lead in opinion polls, Civic Platform leader Jan Rokita may well be Poland's next prime minister. Rokita is concerned that the speculation-driven currency appreciation likely to accompany the Economic and Monetary Union (EMU) convergence process, as was seen in the case of the Greek drachma prior to Greece's euro entry in 2000, will undermine the export competitiveness of the Polish economy. The markets already understand that second-wave EMU convergence is not necessarily a one-way bet, and the zloty will correct if its appreciation overshoots in such a way as to impinge upon the real economy.
ACCESSION #
17076993

 

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