Marek Belka, head of the National Bank of Poland. Photo: PAP/Radek Pietruszka

Head of the National Bank of Poland, Marek Belka has said that problems seen across the Eurozone will not adversely affect the Polish economy.

“The Polish financial system and economy will remain resistant to the debt crises seen in a number of Eurozone countries,” Belka maintained at a joint conference of the National Bank of Poland and the National Association of Cooperative Banks, Monday.

The head of Poland’s central bank also opined that gaping holes in European state coffers need to be filled somehow, saying that “a risk for economic growth, in Poland as well as across the globe, is the necessity for undertaking fiscal consolidation.”

Belka said that in such an unstable environment, careful profit management and cautious investments are key. “It is crucial to carry out a careful dividend policy due to the [uncertain] perspectives of global economic growth,” he warned. (jb)

Source: IAR