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Poland's deputy finance minister dismissed over banking scare

PR dla Zagranicy
Nick Hodge 09.03.2016 09:40
Poland's deputy finance minister Konrad Raczkowski has been dismissed in the wake of controversial claims about the banking sector.
Konrad Raczkowski. Photo: PAP/Grzegorz Jakubowski

Last week, during a seminar at the Warsaw School of Economics, Raczkowski claimed thay several banks in Poland would collapse this year.

He argued that the failures would not occur as a result of a recently introduced bank tax, but owing to poor management.

Several banks are 'toxic' and they will collapse later this year,” he said.

These are small banks, and I should like to immediately calm fears, as the situation will not disrupt the Polish financial system,” he added.

Following Raczkowski's comments, Finance Minister Paweł Szałamacha felt compelled to step forward and state the Polish banking sector is stable.

The current Law and Justice government was sworn in on 16 November after the party won the 25 October general election. (nh/pk)

Source: PAP/IAR

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