Loose lips sink currencies

The week's news at a glance.

Warsaw

Poland’s prime minister this week forbade his Cabinet to speak to the press, after remarks by the finance minister sent the national currency plunging. Finance Minister Teresa Lubinska spooked foreign investors last week when she told the Financial Times that foreign-owned supermarket chains, such as Britain’s Tesco, were “not welcome” in Poland. Investors immediately began dumping Polish bonds and currency. “I forbid my ministers to have further contacts with the media,” Prime Minister Kazimierz Marcinkiewicz told Warsaw’s Gazeta Wyborcza. “I will be making public comments myself.” Marcinkiewicz’s Law and Justice Party took power just last week.

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.

Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.

Sign up