Today's State of Play

STATE OF PLAY: Kołodko in the Game Alongside the President: Essentially No Negative Impact on Inflation, Pełczyńska: This is Now Prime Minister Tusk's Problem, Burnetko: The Situation in Krakow is Serious

Łukasz Mężyk

-- POLITICAL FRIDAY AGENDA: TUSK ON THE MIDDLE EAST, NAWROCKI TO PRESENT TOP HONORS, KOSINIAK-KAMYSZ WITH EU COMMISSIONER, MORAWIECKI'S REPORT PRESENTATION - 300LIVE: https://300polityka.pl/pl/live

-- REJECTION OF THE PRESIDENT'S AND NBP PRESIDENT'S PROPOSALS BY THE GOVERNMENT WOULD BE REGRETTABLE - WRITES PROF. GRZEGORZ KOŁODKO ON MONEY.PL: :Now, President Karol Nawrocki has come forward with a creative initiative, under the good marketing name "Polish SAFE 0 percent." Very importantly, he did so jointly with the President of the National Bank of Poland, Adam Glapiński. This cannot be underestimated, as a prerequisite for any progress in this matter is a pragmatic agreement with the central bank, which administers the foreign exchange reserves belonging to the Polish state”.

-- IN PRINCIPLE, IT SHOULD NOT HAVE A NEGATIVE IMPACT ON INFLATION - KOŁODKO CONTINUES: “The government could sell zero-coupon perpetual treasury bonds to the central bank, from which no interest needs to be paid and which would never have to be redeemed. If government expenditures financed in this way were not greater than those intended to be covered by an increase in foreign debt, in principle, it should not have a negative impact on inflation”.

-- CURRENTLY, THESE RESERVES ARE CLEARLY OVERSTATED AND THEIR REDUCTION BY A QUARTER OF A BILLION, AS I PROPOSE, IN NO WAY THREATENS OUR FINANCIAL SECURITY - KOŁODKO STILL ON MONEY: “Currently, these reserves are clearly overstated and their reduction by a quarter of a billion, which I propose, in no way threatens our financial security. There are voices suggesting that even the equivalent of half a billion zlotys would be entirely sufficient. Let us recall that, although highly debatable, the level of foreign exchange reserves most frequently suggested in the literature is equivalent to six months of imports, which is approximately three-quarters of their current level”.
https://www.money.pl/finanse/prof-kolodko-odrzucenie-przez-rzad-propozycji-prezydenta-i-prezesa-nbp-byloby-godne-pozalowania-opinia-7261113715206240a.html

-- THE PLAN REQUIRES ONE CONDITION: GOLD MUST NOT FALL IN PRICE - CEZARY KOWANDA ON TYGODNIK POLITYKA'S PORTAL: “This absurd structure, which according to the president seems better than an attractively priced loan, of course, requires one more element. Gold must not significantly decline in price in the coming years, otherwise the entire operation will fail. Simply put, speculation on gold is meant to be the way to finance the needs of the Polish armed forces. It's scary to think about”.
https://www.polityka.pl/tygodnikpolityka/rynek/2334661,1,safe-czy-ryzyko-operacje-na-zlocie-zamiast-pozyczki-z-ue-tak-nbp-chce-finansowac-armie.read

-- A SINGLE LIST OF ALL DEMOCRATIC GROUPS IS A RECIPE FOR THE CONTINUATION OF RIGHT-WING RULE - KATARZYNA PEŁCZYŃSKA-NAŁĘCZ IN AN INTERVIEW WITH ARKADIUSZ GRUSZCZYŃSKI IN GW: “On the lists of Polska 2050. Since 2023, even as the head of our campaign, I have repeatedly stated that a single list of all democratic groups is a recipe for the continuation of right-wing rule. The fact that we ran separately ensured that we have a democratic government today. The Polish political scene needs a force that thinks about the Third Polish Republic in a reformist way. It wants to change it without overturning the political table. Polska 2050 is precisely such a party”. 

-- THE CURRENT GOVERNMENT MUST REFLECT ON ITS POSITION - PEŁCZYŃSKA CONTINUES: “And regarding the polls: if elections were held today, Civic Coalition would find itself in opposition, and the right would return to power. The current government must reflect on its position. (...) Personalities are important, I agree, but it is more important to convince Poles that our government brings real change”.
  
-- WITHOUT 15 MPs FROM THE CENTRE, DOES THE GOVERNMENT LACK A MAJORITY? - GRUSZCZYŃSKI'S QUESTION, PEŁCZYŃSKA'S ANSWER: THIS IS NOW PRIME MINISTER'S PROBLEM: “This is now the problem of Prime Minister Donald Tusk and the Centre club, which hangs in the air; no party stands behind it, they have not signed the coalition agreement”. 

-- I DO NOT OPERATE ON RESENTMENT. WE ARE AT WORK HERE - PEŁCZYŃSKA TELLS GRUSZCZYŃSKI: “In politics, I do not operate on resentment. We are at work here. And we are supposed to do concrete things for Poland, not engage in complaints, emotions, lack of chemistry, or judging other people's characters. Such matters are discussed with friends, not at the workplace”. 
https://wyborcza.pl/7,75398,32641284,pelczynska-nalecz-dla-wyborczej-rzad-tuska-musi-sie-zastanowic.html

-- THE MINISTER OF HEALTH BEHAVES AS IF SHE DOES NOT WANT TO GOVERN - JUDYTA WATOŁA IN GW: “Local governments are to prepare reforms in hospital management. The Minister of Finance will deal with the conversion of contributions into taxes. In other matters, we will wait to see what other countries do. The communication is moreover so smooth and uninformative, as if written by artificial intelligence. We only learn that there are over 800 hospitals operating in Poland. The vast majority of them belong to local governments, and it is "their role that is crucial in initiating the consolidation process".
https://wyborcza.pl/7,75968,32641838,minister-zdrowia-zachowuje-sie-tak-jakby-nie-chciala-rzadzic.html

-- THE SITUATION HAS SUDDENLY BECOME SERIOUS, THIS COULD BE A KEY REFERENDUM - KRZYSZTOF BURNETKO IN TYGODNIK POLITYKA: “Part of the blame also lies with the central office in Warsaw, which did not attach importance to even the symbolic role of Krakow. Moreover, PO lightly handed over influence in the region to its coalition partners from PSL (proof of this is the fact that Władysław Kosiniak-Kamysz was at one time indicated as the mayor of Krakow, and the Małopolski Voivode is a person from PSL). The fear is growing that if the referendum proves binding, Aleksander Miszalski will bid farewell to his mayoral office. And even if the turnout is too low, the campaign itself will boost Łukasz Gibała's chances, and he will win the next local government elections without much difficulty. With a rather uninspiring background”.
https://www.polityka.pl/tygodnikpolityka/kraj/2334265,1,poligon-krakow-sytuacja-nagle-zrobila-sie-powazna-to-moze-byc-kluczowe-referendum.read

-- BIRTHDAYS: Tomasz Lis, Marek Ziółkowski, Piotr Marciniak, Beata Gosiewska.
 


Łukasz Mężyk