Former Deputy Prime Minister and Minister of Finance Prof. Grzegorz Kolodko has announced the large economical crisis in Poland. "There will be a recurrence of advanced inflation (...), we will halt feeling improvements in our material conditions, real wages will fall, unemployment will rise, people will go out on the street," warned the economist in the "Shubartovich's Point of View". In his opinion, the shock could happen in 2-3 years.
Professor Grzegorz Kolodko said in an interview with Przemysław Szubartowiczthat the government leads inappropriate economical policy.
In his opinion, modern politicians are working to make it to the next election.
Prof. Kolodko powerfully criticized the Polish political class
- I'm sorry. I say a political strategy, I'm very misjudged, She's miserable and incorrect in advance.. The current coalition is like this, you gotta make it to the next election and win it, and then we will see it," said the economist.
SEE: "I've offered the president this direction". Prof. Kolodko about "SAFE 0 percent."
- I'm sorry. Only then the situation will be even more complicated, even more hard than it is now, and they will gotta do what needs to be done gradually. And the opposition's strategy is that we are not helping this government at all, due to the fact that the worse, the better for them. erstwhile the government is popular, chances are better to win, and Then we'll clean up this mess. And of course we will blame the predecessors, or the present government... After all, this is simply a moth flight to fire - the erstwhile Minister of Finance continued.
The economist warns of a "serious crisis"
- I'm sorry. This can only end serious crisis, financial first, and beyond that economic, social and politicalbecause this problem will not solve itself - he concluded.
WIDEO: Prof. Kolodko on Polish politics and economy
According to Prof. Kolodka serious turbulence in the Polish economy can be seen in 2-3 years And they'll be tragic.
- I'm sorry. There will be a recurrence of advanced inflation, there will be a slowdown in economical dynamics, we will halt feeling improvements in our material conditions, real wages will fall, unemployment will rise," he said.
SEE: Professor Grzegorz Kolodko encourages savings, "not to lose more"
- I'm sorry. Some people will then go out on the street, as well as another scientists have been leaving recently. Politicians will accuse each another that individual else is guilty of it, while both those who ruled before and those who regulation now are to blame for it," emphasized Polsat News guest.
Are we spending besides much on the military? Kolodko has no doubt
The prof. explained that 1 of the symptoms of unhealthy spending by Polish politicians is spending on the military. He argued that not all purchases in this field were wisely carried out.
- I'm sorry. I think that constantly and consistently, Military spending, commonly referred to as defensive, is excessive, they are besides big, they are mostly wasteful - he said.
SEE: The Polish economy is accelerating. GUS shows numbers
The economist besides criticised the excessive debt of external partners.
- I'm sorry. I wonder, How can you be so happy by specified irrationality?that the government decisions have succeeded in implementing what is behind the SAFE conceptual battle. An crucial part of these agreements, which were signed, were simply made on the knee, and they are now in many cases inefficient," he said.
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