Poland safe in view of Greek turmoil – PM

Poland’s economy and the banking sector remain safe, with the country’s central bank and Finance Ministry on stand-by to stabilise the foreign currency market should the zloty depreciate, prime minister Ewa Kopacz told reporters on Monday, commenting on the turbulence caused by Greece.

“We are safe; our banks are stable,” Kopacz said referring to the situation in Greece. The central bank NBP and the finance ministry could intervene on the currency market if need be, using the central bank’s FX reserves, the PM added.

“The finance minister and the central bank governor have the possibility to react,” Kopacz said, echoing comments from top NBP and finance ministry officials made in previous weeks. “If the zloty weakens, it is obvious that we [will] use the tools which are at the finance minister’s disposal.”

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