Interesting to see that Poland wants to squeeze out more income from its state-owned enterprise (SOE) sector in the face of slowing economic growth and financing pressures.
The pension grabs by austerity-averse governments in Poland and Hungary could impact this year’s planned reforms in the Czech Republic, causing another emerging European Union member to soften its approach to a looming debt threat tied to an aging population.
Finance ministers and other executives busy discussing the future of Eastern European transition economies at a European Bank for Reconstruction and Development meeting were reminded of a country far from Europe which needs aid to transform its economy.
from Global Investing:
Ministers and bankers meeting at the European Bank for Reconstruction and Development's annual gathering in London tomorrow and Saturday have a sorry mess to scrutinise.