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The Polish budget deficit is to increase next year to 45.5 bn from 38.7 bn PLN planned for this year, the ministry for finance said (Photo: European Commission)

Polish currency hits new low

The exchange rate of the Polish currency, the zloty, hit fresh lows against the euro last week. Along with high unemployment and a ballooning budget deficit, fears are increasing that Poland could become an economic liability in the new European Union.

The zloty is now trading at its lowest level against the euro since the launch of the single currency.

There are fears that the Polish government headed by Leszek Miller does not hold the political strength to push through reforms...

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The Polish budget deficit is to increase next year to 45.5 bn from 38.7 bn PLN planned for this year, the ministry for finance said (Photo: European Commission)

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