Word: unicredit
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...unemployment. Widely respected abroad, Balcerowicz has stood up for the independence of the central bank and also for Europe-wide merger rules. So when he opposed what he saw as an attempt by the ruling party to block a planned merger of Polish branches of the Italian banking giant UniCredit earlier this year, he was excoriated. President Kaczynski said he would not renew Balcerowicz's appointment. Lepper called for his removal. Last month, the parliament established a commission to probe the bank's role in 17 years of privatization. "It's a sort of harassment, a brutal infringement...