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The Warsaw Voice » Business » June 18, 2014
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President meets central bank chief after the tape scandal
June 18, 2014   
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National Bank of Poland's chief Marek Belka
Polish President Bronislaw Komorowski and the president of the National Bank of Poland Marek Belka had a meeting on Tuesday that focused on the nature of Belka's cooperation with the Monetary Policy Council following publication of allegations that Belka bargained away central bank election-year support for the government.

"The meeting focused on his further cooperation with the MPC and the issue of the NBP bill," a Presidential Chancellery spokesperson, Joanna Trzaska-Wieczorek, said Tuesday.

"The chief concern of the President is the stability of the currency," she said.

Meanwhile, Belka seems to have saved his skin after the wire-tap scandal as the MPC signaled readiness to continue cooperation and return to business as usual.

The council said in a statement following the Tuesday non-policy sitting that it gives high ratings to its cooperation to date with Belka and vows to maintain the determination with which it has guarded the value of the Polish currency.

"The MPC positively views the very good cooperation with the president of NBP to date," the council said in its statement.

The council "regrets" statements made by NBP president Marek Belka, which "could give the impression" that Belka had used his position for political purposes. Such a move "would be unacceptable," the council said.

"The MPC assures that it will care for the value of Polish currency with equal determination as to date," the council said.

The allegations, based on the recording made front page coverage of all of the nation's daily papers. The daily Rzeczpospolita calls it a surprise that no one lost their job on the matter and writes that constitutional scholars believe Belka violated the mandate for an apolitical stance from the NBP. The daily also writes that the hint of NBP financial aid ahead of elections is a direct attack on the constitutional mandate for free elections.

Dziennik Gazeta Prawna writes that other central bank presidents have had worse cause for tension with the Monetary Policy Council.

Belka defended himself from charges in a number of interviews and said he saw no reason to step down from his post.

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