Polish Conservative Coalition Collapse Prompts Early Election
After months of political turmoil in Poland the dismissal of four cabinet ministers yesterday is clearing the way for early autumn elections.
The Prime Minister and President announced the dismissal of the four cabinet ministers who belonged to the two most unpredictable, populist parties and declared the end of the coalition with the right-wing League of Polish Families and the agrarian Self-Defense party.
The prime minister said ‘Today's changes stem from a change in the political situation, from the end of the coalition's work. There is going to be a shortened term and elections not far off.’
A provisional election date of 21st October has been suggested, two years ahead of schedule, but an air of uncertainty surrounds the government who are currently trailing in the polls and if Law and Justice lose, it would bring an end to the identical twins holding Poland’s most powerful positions. The situation could also harbour the introduction of new laws and bills being passed, including key infrastructure plans for the UEFA European championships in 2012.
Since the fall of communism, no polish government has been re-elected. In 2005, the previous government, which was led by the ex-communist Democratic Left Alliance, was voted out with only 11% in favour. Since the twin brothers Lech and Jaroslaw Kaczynski became President and Prime Minister, respectively, Poland has been in conflict with the European Union. The political differences between Poland and the EU have not dented Poland’s financial prosperity, which has seen consistent economic growth, built on strong ties with the U.S.
The Polish economy has register significant growth with an average GDP of over 12% for the last 5 years and a substantial increase in FDI of around US$6.5 billion. Increased investment has created higher salary jobs, illustrated by a 20% rise in average wages over the last three years. The effect of higher wages consequently boosts individual buying power, further stimulating demand for property investment. High demand with a lack of supply in residential property has resulted in property price rises, a trend which looks set to continue for the foreseeable future.
For more information on Poland and other global investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com Or visit our website: http://www.obeliskinternational.com/
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The Prime Minister and President announced the dismissal of the four cabinet ministers who belonged to the two most unpredictable, populist parties and declared the end of the coalition with the right-wing League of Polish Families and the agrarian Self-Defense party.
The prime minister said ‘Today's changes stem from a change in the political situation, from the end of the coalition's work. There is going to be a shortened term and elections not far off.’
A provisional election date of 21st October has been suggested, two years ahead of schedule, but an air of uncertainty surrounds the government who are currently trailing in the polls and if Law and Justice lose, it would bring an end to the identical twins holding Poland’s most powerful positions. The situation could also harbour the introduction of new laws and bills being passed, including key infrastructure plans for the UEFA European championships in 2012.
Since the fall of communism, no polish government has been re-elected. In 2005, the previous government, which was led by the ex-communist Democratic Left Alliance, was voted out with only 11% in favour. Since the twin brothers Lech and Jaroslaw Kaczynski became President and Prime Minister, respectively, Poland has been in conflict with the European Union. The political differences between Poland and the EU have not dented Poland’s financial prosperity, which has seen consistent economic growth, built on strong ties with the U.S.
The Polish economy has register significant growth with an average GDP of over 12% for the last 5 years and a substantial increase in FDI of around US$6.5 billion. Increased investment has created higher salary jobs, illustrated by a 20% rise in average wages over the last three years. The effect of higher wages consequently boosts individual buying power, further stimulating demand for property investment. High demand with a lack of supply in residential property has resulted in property price rises, a trend which looks set to continue for the foreseeable future.
For more information on Poland and other global investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or email info@obeliskinternational.com Or visit our website: http://www.obeliskinternational.com/
If you wish to see the original article please click here
posted by Chris at 12:50 pm
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