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Tuesday, 4 September 2012

The Economic Forum in Krynica

The Economic Forum in Krynica   |   The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica The Economic Forum in Krynica

 

Despite the crisis the European Union remains an attractive project for many countries, President Bronisław Komorowski said Tuesday in Krynica opening the 22nd Economic Forum together with Croatian state head Ivo Josipović.

 

"Although immersed (...) in an economic crisis, and, one may well say, a structural crisis, the EU nevertheless remains an attractive project with many countries voicing access to participation in it", the president said.

 

Recounting Poland's role in the EU, Komorowski reminded that Poland was not the source of the European crisis.

 

"On the contrary, Poland's successes are a chance and give hope for a faster overcoming of the crisis. We have been booking economic growth for the past 20 years, and the crisis symptoms are rather visible in our country's surroundings, although they may begin to affect us to a greater degree", Komorowski said.

 

The Economic Forum in Krynica is one of the major economic events in central-east Europe. Attended by state and government leaders, economists and enterprisers, it seeks worthwhile economic and social models for the region and is a platform for striking up business contacts.

 

The president listed five areas that were most important for effective protection against crisis in Poland. The first one, improved safety of public finances, required gradual reduction in budget deficits and public debt. The second priority was consolidation of financial system safety. In this context Komorowski noted that Polish banks were very safe compared with many foreign institutions and did not need recapitalisation, Poland had an effective banking supervision authority, good system of deposit guarantees and flexible exchange rate.

 

The third priority was reforming the labour market to improve support for the unemployed, give them stronger incentives to seek employment and offer more flexible options to employers.

 

The fourth task was to cultivate Poland's absorptive home market which has acted like a safety buffer against crisis trends abroad.

 

The last priority mentioned in the presidential speech in Krynica was opening the Polish economy to new poles of economic growth in the world. We need "geographical diversification of Poland's trade and business relations," he explained. Polish exports tended to become increasingly concentrated on a few major markets in recent years, Komorowski noted, chiefly in the EU. This pattern of trade involved dangers in the present situation, he claimed.

He declared plans to organise meetings of businessmen during his foreign visits, like the one held in the course of his recent trip to China, with a view to promote the Polish economy and facilitate new contacts.

 

The president stressed that in order to successfully fight the present crisis the EU needed more integration, also in the economic field. This year's Forum in Krynica is held under the motto "New Visions for Difficult Times. Europe and the World in the Face of Crisis."(PAP)

 

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