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.
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