Bloomberg News

Rostowski Says Zloty May Weaken on Greece Euro Exit

May 16, 2012

(Corrects name of television station in first paragraph.)

Poland’s zloty could suffer some “significant” weakening in the event of Greece’s uncontrolled exit from the euro area, although the currency would rebound once investors’ concern dissipates, Finance Minister Jacek Rostowski said today in an interview on TVN24.

The “key question” is whether a Greek pullout from the single currency would be controlled, Rostowski said.

“We have to avoid a domino effect if Greece exits the euro,” Rostowski said. “That is our main postulate.”

To contact the reporter on this story: David McQuaid in Warsaw at dmcquaid1@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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