Sunday, November 06, 2005

Mr. Big Investor: Close Shop in Poland

Poland's new finance minister has told the Financial Times that large foreign supermarkets are not welcome in EU's largest new member nation. Tesco, to which she refers by name, is Poland's largest British investor. This is scary stuff, folks. Not a good start for the new minority rightist government. The minister has also called for a LARGER budget deficit.

This may be a nod to the radicals from the Self-Defense party ahead of a confidence vote, but markets are already betting this government may be short-lived. Many Poles are hoping this will be the case.

Hypermarkets 'not welcome' in Poland

Polish finance minister seeks more social spending

No comments: