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Poland Votes For EU Autonomy from China’s Electric Cars: Against Berlin, Budapest and Bratislava
7 October 2024
In this Monthly Foresight, the war, inflation and food crisis hit CEE. Also, the politics around Russian sanctions in V4 and the Polish electoral campaign are heating up.
Poland is in full campaign mode right now — although there is still more than a year left before elections to the Parliament. At stake is a third term for the Law and Justice (PiS) government. Politicians of all parties are postponing vacations until 2024 — they will spend the summer months travelling around the country.
Lots of promises are already being made. Already on 2 July, Civic Platform promised to remove the head of the central bank, accused of fueling inflation while PiS Chairman Jarosław Kaczyński said he is going to impose a new tax on ‘excessive’ bank profits if the deposit rate will continue to be around 3 per cent and not closer to the inflation rate which is almost at 16 per cent as of June.
The campaign started very early in the Polish political cycle, it is already very brutal — the central bank president cannot be constitutionally removed. The avalanche of promises is only beginning. Expect a spectacle with some controversies. It seems also that the ‘rally around the flag’ effect of the Russia-Ukraine war was minuscule which makes the situation even more volatile.
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