Tag: sovereign debt
The reform of the pension system will only decrease the cost of debt servicing and the cost of refunding contributions – a total of PLN 9 billion. The government will not spend any more, as it pursues fiscal consolidation within the excessive deficit procedure - says Dariusz Rosati, Chairman of the Public Finance Committee of the Sejm.
Nicholas Spiro of Spiro Sovereign Strategy weighs his words carefully when asked for his assessment of the current bull market for Polish bonds. He steers clear of the word “bubble” but then settles on a less scary term “frothy”.