Today No. 1 topic in polish media is a bold expose of the new Prime Minister – Beata Szydło. Expose can be seen at Andrew Duda Facebook (end of the article). The expose was bold because it has touched many of the problems that raised during last eight years of the Civic Platform 2 governmental cadencies – the problems that the previous political team did not want to face or arranged them against the citizens’ interest.
The main points of the expose:
“Development, development, development” – said Prime Minister Beata Szydło
Returning back the retirement age to 60 for women and 65 for men
Allowance of 500PLN for the second child and the next children
Reduction of the CIT tax (corporate) to 15% and support for small and medium businesses
Supporting the investments and innovations using special tax reliefs and immediate amortization
Introduction of so-called “sectoral” taxes – for banks and hypermarkets
Profound changes in education – elimination of secondary school (gymnasium) and renewal of whole system
There were much more important points (check the video below) that represented a wonderful attitude of politicians who now have to renounce pride and serve the citizens. It all sounds great, but the experts’ comments are highly skeptical. The basic question is “where to get the money”? There were comments saying that “Santa Clause came earlier this year” or that “the election campaign is still ongoing”. There is also a broader disappointment when it comes to capital markets – stock was a bit skeptical.
It is worth noting that Wednesday’s expose it was not even a mentioned visit of a St. Claus, but rather a letter to him filled with wishful thinking. Will they be satisfied, that’s a whole different story. One of the twitts recalls, that the Donald Tusk expose in 2007 lasted three times longer than the speech of current Prime Minister.
“Not a word about the stock market, as a way for the business development” – say the disappointment investors. In fact it is hard to find any comments about the capital market in Poland. “Nothing about credits in CHF” – comments someone else. We also have not learn nothing about the tax on financial transactions that was proposed by the leading party (PiS). Meanwhile, the PLN still weakens. Recently GBP/PLN broke above 6PLN, and the dollar wants to test 4PLN ceiling. Paradoxically, the weak PLN may help the new government to give some breather to exporters.
