Poland Sharpens Austerity Measures

Politics ♦ Published: March 15, 2013; 13:38 ♦ (Vindobona)

In order to fulfill the Maastricht Criteria sustainably, Poland wants to reduce the budget deficit to 1.0% of GDP in 2015.

Poland Sharpens Austerity Measures / Picture: © Vindobona.org

Before Poland can join the Eurozone, the country needs more economic and fiscal reforms, Belka and Rostowski said recently. According to them, Poland needs more austerity measures.

In the next two years, Poland´s government aims to cut the structural budget deficit down to 1.0% of GDP, Deputy Minister of Finance Janusz Cichon said. This year, Poland´s structural deficit is…