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The Warsaw Voice » From the News Editor » November 25, 2011
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From the Editor
November 25, 2011   
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The crisis hurricane is raging with truly great force—in just one week it blew away two European governments. In Poland the circumstances are exceptional.
Public debt has almost reached 55 percent of GDP; as little as that, one is tempted to say when compared to Italian debt for instance—120 percent. Poland’s annual GDP growth is 4 percent; Italy’s—to stick to the same point of reference—is about 0.5 percent. Even our riots are unusual. When people clash in Rome, London or Athens, losses are counted in the millions of euros, while the annual clashes in Warsaw traditionally occurring on the national holiday, Nov. 11, caused losses barely exceeding zl.70,000. According to the present extremely high exchange rate, that’s barely 16,000 euros.

Today’s Poland is also unique in itself. For the very first time since we shed the communist system, the governing party has won the elections a second time. The election didn’t bring a new prime minister, either—it’s Donald Tusk once again; nor a new government coalition—it’s still the victorious Civic Platform (PO) and the Polish People’s Party (PSL). Finance Minister Jacek Rostowski has outlined three versions of the budget: for a good, mediocre or bad situation. This means new policies are needed. Election winner Tusk has to abandon the tactics that secured his reelection. The pace of change will accelerate. It’s going to hurt, experts say. But remember, it’s all so that it will hurt less.
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