Poland Rebuked Over Bid To Curb Central Banks Powers

He added: “I will, together with the European Central Bank and my colleague Joaquín Almunia [the EU monetary affairs commissioner] keep a close eye on this.” His comments were intended as a warning to the Polish government in its fight to limit the influence of the National Bank of Poland and its embattled president, Leszek Balcerowicz. Mr Balcerowicz faces a two-pronged assault from the conservative Law and Justice party government, which is busy setting up a unified financial services regulator that some fear will be more open to political interference than the central bank is. http://www.ft.com/cms/s/2039fa76-441e-11db-8965-0000779e2340.html

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