Bloomberg News

Rostowski Says Weaker Zloty Is ‘Natural Stabilizer’ for Poland

September 13, 2011

Sept. 13 (Bloomberg) -- The zloty’s weakening against the euro is a “natural stabilizer” for Poland’s economy that will boost exports and protect jobs without increasing the country’s foreign-denominated public debt to “any dangerous extent,” Finance Minister Jacek Rostowski said today in an interview on Radio Zet.

Poland’s banking system isn’t exposed to any “direct risk” from a possible Greek default as lenders don’t hold any Greek bonds, Rostowski said. He added that a default could exert some “indirect” influence on the Polish economy if it results in slower growth in France and Germany.

To contact the editor responsible for this story: David McQuaid at dmcquaid1@bloomberg.net


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