Zloty Gains Again

11th July 2008

The zloty rose another three percent in the last week against the euro and the pound, making all those earning in the currency a little bit richer compared to Poland’s western neighbours. But as the public concerns of politicians and central bankers in the last week show, the currency’s gains may store up trouble for the economy in the longer run.

The zloty rose another three percent in the last week against the euro and the pound, making all those earning in the currency a little bit richer compared to Poland’s western neighbours. But as the public concerns of politicians and central bankers in the last week show, the currency’s gains may store up trouble for the economy in the long ...