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The Warsaw Voice » Comments » September 3, 2008
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From the NEWS editor
September 3, 2008   
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After months of protracted negotiations, Poland and the United States have finally signed an agreement on deploying an interceptor missile base in Poland that will be part of the U.S. "missile shield" system. Despite an angry reaction from Moscow, most Polish politicians believe the move will improve their country's security because it will bind Poland even more firmly to America.

Polish athletes have returned from the Beijing Olympic Games not in the best of moods, although they won the same number of medals as in Athens in 2004. Too many athletes failed to live up to Polish sports fans' expectations. Too many high-sounding promises turned out to be hollow. Moreover, the behavior of some Polish sport officials involved in a drinking scandal in Beijing was far from acceptable.

The zloty has started to lose ground after months of continuous gains. At the end of July, the euro cost zl.3.20 and the dollar only slightly over zl.2. In August, the euro and dollar bought zl.3.34 and zl.2.27. Polish exporters welcomed the weakening of the national currency because a strong zloty has been a pain in the neck for them in recent years. A weaker zloty also means European Union aid goes further in Poland for regional investment projects funded by local governments and other purposes. Currency market experts insist that the best way for Poland to solve the problem of fluctuations in the exchange rate would be for Poland to join the euro zone. This, however, is not likely to happen any time soon.
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