Zloty lifts Polish Economy

With its drab, Soviet-era boulevards and standard-issue glass-and-steel office buildings, Warsaw does not look much like green, elegant Dublin. But there are some striking similarities between Poland today and Ireland in the 1990s.

Don't give up the zloty:

B0llshit article, written by a bunch of corporate dogs barking false optimism.

And thats a fact since PO got into power.

Poland needs to keep złoty to be economically independent from monetary policies of euro

So, all the improvements and investments we see aren't real, then?

wisely.

a) Poland is not a big enough country to play the currency game against the big world banks.

then Germans will pull out off EU reinstating mark and forth reich

a) Poland is not a big enough country to play the currency game against the big world banks. If JP Morgan want to make another announcement predicting a drop in the zloty strength (like they did two years ago) just so that they can make a killing on the recovery, the national reserves are not strong enough to counter that action. The country simply isn't strong enough (yet) to compete in that sort of market.

b) Poland signed the Maastricht treaty, and must join the Euro at some point; it's simply a matter of when. As other countries around it adopt the Euro, there will be increasing political pressure on Poland to join the bloc, with Germany and France's own banks stepping in to mess the zloty up until Poland has no choice.

The zloty was devalued to stimulate exports and investment during the downturn, which it successfully did by expanding the money supply and dropping rates.

Ireland got screwed big time

The cash is not there and the young are leaving, big time.

Ireland got screwed big time

Background and causes

The Irish economy expanded rapidly during the Celtic Tiger years (1995–2007) due to being one of the most economically free countries in the world, having an unusually low corporate tax rate, and low ECB interest rates, among other factors. This led to an expansion of credit and included a property bubble which petered out in 2007. Irish banks, already over-exposed to the Irish property market, came under severe pressure in September 2008 due to the global financial crisis of 2007–2010.

Government finances began to show signs of trouble in mid-2008. Government deficits increased, many businesses closed and unemployment increased. The Irish Stock index (ISEQ) fell. Many immigrant workers left, and the financial regulator resigned.

Anglo Irish Bank was particularly exposed to the Irish property bubble. A hidden loans controversy in December 2008 led to a further drop in its share price. The ISEQ dropped to a 14-year low on 24 September 2009, probably triggered by the unexpected resignation of former Anglo Irish Bank director Anne Heraty from the board of the Irish Stock Exchange the night before.[4]

The Irish economy entered severe recession in 2008. Ireland officially left recession in the first quarter of 2010.

I'd argue that Poland isn't big enough to play the game against even individual investors, let alone the big banks.

I don,t think you know the definition of " wise ".

Could you care to explain?

NOT Europes or the Euro's fault....but we are bailing you out now!

the majority of the population were duped by IMF EU FF bankers developers

Don't give up the zloty

The bailouts are design to pump more money into fail banks as the tax payer gets austerity put on them to pay for all.