Tag Polish constitutional crisis

Putinist rhetoric in Poland

The Lavrov argument – “Who are you to f—ing lecture me?” – makes a certain sense when the lecturer is currently acting in ways similar to the auditor. Otherwise, it seldom works. Being lectured by David Miliband must be torture – but hey, so what? “Your…

S&P’s downgrade of Polish debt: sounds familiar

For those willing to read beyond the first paragraph, S&P provided a detailed list of Poland’s fiscal risks in their downgrade note (linked by Puls Biznesu). The nationalists’ fiscal preferences have already begun to show, according to Moody’s: Moody’s has warned that Poland’s incoming bank tax threatens…

S&P’s downgrade of Poland was well-founded

There has been much wailing from certain quarters that S&P’s January 15 downgrade of Polish foreign-currency debt from A- to BBB+ was motivated by “politics” and had nothing to do with Poland’s economy. This argument does not make sense, and…

The Kremlin’s Polish frenemies

When I got back to Moscow after the winter vacation earlier this January, one of the first things I had heard (on the boring but, at least, non-government-owned FM station that pretends to focus on “business” but mostly babbles amateurishly about financial…