In an effort to kickstart the economy, the Polish government will be getting a €1bn loan from the European Investment Bank, according to the daily Puls Biznesu. “During the next three years, we plan to loan more than €60bn,” said Anton Rop, vice president of European Investment Bank.
The money will go not only to Poland, but to other countries across the EU. Market watchers, however, worry that the large amount that’s been earmarked Poland could indicate the country is heading deeper into recession than anticipated. Rop is not jumping to such grim conclusions, though. “Although the country is now struggling with some difficult issues, such as the building sector collapse, I expect the country will come out of this unscathed,” she said.
