Thursday, July 27, 2006

What Happened To Fighting Corruption?

For a government that advertises its fight with corruption, I can't figure out how it can explain setting up a unified financial oversight agency that is ripe for political machinations. A new law that has passed one house of the parliament and should easily get a go ahead from the other, will eliminate virtually all the independence from the agency's predecessors. Six of its seven members would be directly chosen by the government or the president.

So it's no wonder even the IMF is raising a stink about the new law. Not that the Kaczynski bros care. It's all about weakening Central Bank's Leszek Balcerowicz and putting more power into the hands of the government. Because, as we all know, politicians are also great bankers.

(OK, to be fair, I must point out that Balcerowicz was also once a politician. But he wasn't too great at that and that was not how he started. He was always more of a technocrat.)

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