"Marcin, a reader from Poland writes ...
Hello Mishat http://globaleconomicanalysis.blogspot.com/2011/12/poland-needs-to-spend-30-of-total.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
Amazing but Poland's commitments after recent summits are to be 30% of our yearly budget! Where are this money going to come from is a great mystery to me as we are on a brink of reaching the constitutional debt limit of 55% of GDP.
Recently Merkel had confirmed Poland as being "very important" to Germany's plans and our Prime Minster and Minister of Finance both talked about Poland's accession in 2015 so this might indicate that both of above reasons might be in play.
However recent polls show that public does not like the idea of common currency (51% said no and only 17% yes) so why both of these gentlemen are so Euro-enthusiastic is far beyond me.
They are among the fools who think that throwing money on the debt issue will solve it once and for all..."
