r/poland • u/bloomberg • 20h ago
Poland’s Political Dysfunction Threatens $1 Trillion Economy
https://www.bloomberg.com/news/articles/2026-10-14/poland-s-political-dysfunction-threatens-1-trillion-economy35
u/chinkalichaczapuri Zachodniopomorskie 20h ago
Another bullshit article mentioning decline at the some american rating-agency as reliable economic indicator.
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u/StorkReturns 20h ago
American rating agency is just reading the data that clearly show a deteriorating fiscal situation. They are not inventing what is not in the data. The situation is still under control and there is no immediate danger but it is getting worse and the political system is dysfunctional in dealing with that.
It's like you have heigh blood pressure and the doctor says that you need to lower that it or you risk a heart attack. And you say that no stupid American doctor should tell you what to do.
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u/chinkalichaczapuri Zachodniopomorskie 20h ago
There are plenty of coutries with much higher % of debt and rated better, including Japan rated at A1 and 250% debt. The reasons cited in our drop were increased debt (mostly in PLNs so Poland owes money to... Poland, but who cares), growing debt servicing costs. Both are still relativily lower in Poland compared to other developed countries.
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u/Tramagust 20h ago
Poland is riding high on the undocumented market economy but it's actually in the same slump as other european nations. If you want to see how Poland will be economically in 5 years just look at Romania.
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u/chinkalichaczapuri Zachodniopomorskie 19h ago
Romania increased debt in foreign currencies mostly and owes money to other coutries, Poland in PLNs so it's caused by printing and obligations. And guess what happened? Nothing. Poland still developing and demand for polish obligations from NBP is 2,5x higher than supply.
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u/Tramagust 19h ago
The foreign debts are not the basis of the romanian crisis, they are the effect. Same lack of demand is hitting the Polish foundations.
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u/pugnae 20h ago
Bullshit article from bullshit rating agency as opposed to trusted and reliable MMT?xd
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u/chinkalichaczapuri Zachodniopomorskie 19h ago
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u/pugnae 19h ago
Yields have to rise as bonds are more risky. Investors require premium. This is not exactly Tusk fault, as mainly due to Trump shenanigans yields are rising across the world.
But saying that we don't have a problem or that it won't be smaller if our deficit was smaller is ridiculous.
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u/Infinite_jest_0 18h ago
Do they still model other than US bonds as US + bonus?
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u/pugnae 18h ago
Well the bonus part can be smaller or bigger, right?
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u/Infinite_jest_0 13h ago
If they calculate bonus as absolute risk value and just add to US, people may overestimate target premium now that US risk is non-zero
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u/testerololeczkomen 19h ago
Who cares about 1T economy if noone can afford a fucking aparment and normal people making around 1k euro a month.
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u/Full_Equivalent_6166 11h ago
Eh, nothing new.
Polish economy has always grew in spite of the politicians not because of them.
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u/Succulent_Rain 19h ago
This article is behind a paywall. Does anybody have the full article? More importantly, what kind of fight is going on between the Prime Minister and the president and why would that even threaten the economy?
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u/Jake-of-the-Sands 20h ago
The faster the orange demon is gone from the US, the first our right-wing crumbles. Let's cross fingers for the yankees to vote better this time around.
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u/_Xee 20h ago
It's either Europe or Poland that ends up like Ukraine. "Nationalists" is just a euphemism for pro-Russian traitors.
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u/Electrical_Panda_326 19h ago
Says random bloke on Reddit.
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u/_Xee 19h ago
Yandex servers up again?
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u/Electrical_Panda_326 18h ago
I'll tell you something that might shock you and turn your life upside-down. Not everyone that says something your don't agree with is from Russia.
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u/_Xee 18h ago
You're right.
Russian supporters are pretty much everywhere.
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u/Electrical_Panda_326 18h ago
Are those Russia supporters that you see everywhere in the room with you now?
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u/bloomberg 20h ago
Agnieszka Barteczko and Zosia Wanat for Bloomberg News
Poland’s domestic cold war is escalating, posing a self-inflicted threat to Europe’s fastest-growing major economy.
Prime Minister Donald Tusk, 69, and President Karol Nawrocki, emboldened by Donald Trump’s support, have been locked in a bitter standoff since last year’s presidential ballot. A year before a general election, the confrontation has all but gutted the government’s agenda and prompted a rating-agency downgrade as efforts to narrow the budget deficit of more than 7% of GDP broke down. It now threatens to paralyze the central bank.
The conflict between pro-European Union liberals and nationalist conservatives has raged for years, but remained an economic non-factor: Gross domestic product doubled in the past decade to exceed $1 trillion, putting Poland among the 20 biggest global economies. Now, with energy prices soaring, Russia waging its own brand of warfare beyond neighboring Ukraine and the US fighting a global trade war, the crisis at the heart of Polish politics could put this track record in peril.
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u/chinkalichaczapuri Zachodniopomorskie 20h ago
https://giphy.com/gifs/7k2LoEykY5i1hfeWQB
"prompted a rating-agency downgrade as efforts to narrow the budget deficit of more than 7% of GDP broke down"1
u/deathmethanol 3h ago
Love how they mentioned Tusk's age, 69, but not Nawrocki. I guess his age is not such a sexy number.
Nice.
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u/Ok-Swan-9842 20h ago
most effective government are those that can't do anything. Study have shown. If both sides can't function then the economy will do great.
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u/LowCall6566 11h ago
Yes, economically wise we can right now sit, do nothing, and win.
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u/Ok-Swan-9842 10h ago
Government doesn't run the economy people do they create the jobs and innovations. Poland doing great job and less government the better.
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u/LowCall6566 10h ago
I meant the government, yes, further interference now can cause more harm than good.
Although socially it's bad that catholic religious doctrine is dictating how people can live their lives.
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u/False_Major_1230 18h ago
Pure idiotic economicism
"Nothing is more evident than that modern capitalism is just as subversive as Marxism. The materialistic view of life on which both systems are based is identical; both of their ideals are qualitatively identical, including the premises connected to a world the centre of which is constituted of technology, science, production, "productivity," and "consumption." And as long as we only talk about economic classes, profit, salaries, and production, and as long as we believe that real human progress is determined by a particular system of distribution of wealth and goods, and that, generally speaking, human progress is measured by the degree of wealth or indigence—then we are not even close to what is essential...”

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u/Electrical_Panda_326 20h ago
Chłopstwo vs szlachta, endecja vs sanacja, PZPR vs Solidarność, PiS vs PO, tutaj tak jest od zawsze, a społeczeństwo płaci później za to ogromną cenę.