Poland Goes From Hero to Zero
“Among turbulent emerging markets, Poland is one of the heroes – with a robust economy and well developed capital markets to rival those of Turkey and Russia, which are not part of the European Union. It may be about to tarnish its reputation.
As part of an overhaul of the country’s pension system, Warsaw will next week transfer from privately-managed funds to the state 150bn zlotys (€36bn) of Polish government bonds and government-backed securities, which will then be cancelled.”
Become An Insider!
Sign up for Affluent Investor's free email newsletter and receive Jerry Bowyer's Special Report, "How to Be an Affluent Investor in the Age of Obama & Ineffectual Republican Opposition."