The Turkish lira depreciated to the weakest level in more than two weeks against the euro as the common currency advanced on expectations that the winning party in Italian elections will maintain austerity measures.
Poland’s Democratic Left Alliance seeks to balance the budget and help entrepreneurs, party leader Grzegorz Napieralski said, abandoning calls for higher social spending before a vote that may return the party to government.
Talks on forming Finland’s new government are still open to the Left Alliance as well as the Green Party, Finance Minister Jyrki Katainen said in Brussels today according to Finnish state-owned broadcaster YLE.
Marek Belka ’s chances of being nominated as Poland’s central bank governor this week may have grown after the zloty lost 1.7 percent against the euro in the past five days on concern over Hungary’s debt and deficit.
Marek Belka , who has worked for the International Monetary Fund and United Nations, will probably be confirmed tomorrow as governor of Poland’s central bank after the parliamentary finance committee backed him and opposition lawmakers signaled their support.
Marek Belka , a top International Monetary Fund official and former prime minister, has been nominated to head Poland’s central bank as Acting President Bronislaw Komorowski seeks to heal a rift over monetary policy.
Polish opposition party leader Grzegorz Napieralski has revived his party just in time for elections in October, saying he can handle swelling debt and offer respite from Poland’s often acrimonious debates.