Word: balcerowicz
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...some ways, Poles, including Tusk himself, have never had it so good. Leszek Balcerowicz, a former Finance Minister and the chief architect of Poland's post-communist reforms, says the country is living through "its best period in 300 years." The economy is growing, and the country's alliances with Europe and the U.S. are strong. Not since 1989, according to one recent survey, have the Polish people felt so optimistic about the direction their country is taking...
...that it takes longer to drive from Warsaw to Krakow today than it did 10 years ago. Though the exodus is slowing, some 20% of young Poles seek their first jobs outside the country. "A poor country with a badly structured welfare state cannot become an economic tiger," says Balcerowicz. "If Poland is to become another Ireland it has to complete its fiscal reforms...
...alternative" but to invite Lepper into government because it could not find another partner to form a majority. The country's new leadership, as a result, could be as welcome in the rest of Europe as the proverbial Polish plumber. "Poland's image has been damaged," Leszek Balcerowicz, governor of the central bank and architect of Poland's postcommunist reforms, told Time last week. "The governing party's strategy is to win votes by demonizing the transformation [to free markets]." So far that strategy has worked just fine for the pis, which was elected last September (with...
...Thursday's ceremony at the Polish Embassy in Washington, D.C., Poland's Deputy Prime Minister and Finance Minister Leszek Balcerowicz presented the award to Sachs and David Lipton, who also served as an economic advisor during those years...
...much as 40% this year; thus there is particular resentment at the debt incurred during the communist years. These nations want more forgiveness from the West. "At this stage of such radical change, the West could be crucial in determining the future course here," says Polish Finance Minister Leszek Balcerowicz...