Wiadomości
2009-05-22
Poland's Meeting Maastricht Criteria Under Question
Poland’s Meeting Maastricht Criteria Under Question
Warsaw, Poland May 22, 2009
Poland might have difficulties meeting Maastricht fiscal criterion as the public sector deficit to GDP ratio could increase significantly in 2009 and 2010 and other criteria also prove difficult to meet, the rate council said in minutes from its April sitting.
Worse than expected state of public finan(...)
Warsaw, Poland May 22, 2009
Poland might have difficulties meeting Maastricht fiscal criterion as the public sector deficit to GDP ratio could increase significantly in 2009 and 2010 and other criteria also prove difficult to meet, the rate council said in minutes from its April sitting.
Worse than expected state of public finan(...)
Poland’s Meeting Maastricht Criteria Under Question
Warsaw, Poland May 22, 2009
Poland might have difficulties meeting Maastricht fiscal criterion as the public sector deficit to GDP ratio could increase significantly in 2009 and 2010 and other criteria also prove difficult to meet, the rate council said in minutes from its April sitting.
Worse than expected state of public finance, as well as the prospect of postponing ERM2 entrance could contribute to zloty depreciation even though the overall zloty depreciation trend had subsided, a number of members believe.
Some council members also pointed out that meeting the Maastricht criterion of prices stability could also be hampered, by the fact that the inflation in EU states is falling to "very low levels."
(PAP Market Insider)
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Warsaw, Poland May 22, 2009
Poland might have difficulties meeting Maastricht fiscal criterion as the public sector deficit to GDP ratio could increase significantly in 2009 and 2010 and other criteria also prove difficult to meet, the rate council said in minutes from its April sitting.
Worse than expected state of public finance, as well as the prospect of postponing ERM2 entrance could contribute to zloty depreciation even though the overall zloty depreciation trend had subsided, a number of members believe.
Some council members also pointed out that meeting the Maastricht criterion of prices stability could also be hampered, by the fact that the inflation in EU states is falling to "very low levels."
(PAP Market Insider)
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