As Adam Smith once said, the sufficient conditions for the economic prosperity of a country are “peace, easy taxes, and a tolerable administration of justice”. Continue reading Adam Smith’s Warning for Poland
The Statistics Office of Poland has just announced that GDP growth in 2016 was 2.8 per cent, which is quite a decent result, by European standards, as the EU Commission estimates only eight (out of 28) EU countries are expected to grow faster, with the Block’s forecasted average being below two per cent. Continue reading Poland’s Confusing GDP Growth
In the middle of 2015, Poland met the economic criteria set in the Maastricht Treaty allowing an EU country to join the Eurozone. Continue reading Is There Room For a Truly Rational Discussion About the Euro in Poland?
The nickname of Poland as a “Green Island” was coined by the government in 2009. The big map behind Prime Minister Tusk showed all Europe in red, with the GDP falling everywhere. With one exception: Poland was marked green, with the GDP growing despite the pan-European recession.