Saturday, December 20, 2014

And if Russia went bankrupt? This is the scenario for Polish – GazetaPrawna.pl

And if Russia went bankrupt? This is the scenario for Polish – GazetaPrawna.pl

That’s how much the Polish currency is sensitive to information from Russia, showed last week. – These events show that for some investors together with Russia, we are counted among one group of countries – says Grzegorz Maliszewski, chief economist at Bank Millennium.

Indeed, gold hard-hit by the collapse of the ruble. Within days gone up from 4.18 euros to 4.27 zł zł. For franc paid 3.55 zł, the highest since mid-2012.

Piotr Bujak, economist at PKO BP notes that our currency loses no fundamental reasons, that it is not derived from the weakening of the state Polish economy. – Perhaps part of the market decided that since we are so close to Russia geographically, it is also our economic ties are strong. And that’s not entirely true – he says.

Experts believe that Russia will see a potential default in the first place is in the zloty. To what level it could weaken? This can not be foreseen. The last quotation shows that it can be violent. Some analysts – eg. With Rabobank – believe, moreover, that this is not the end of the euro, and soon we can pay even 4.30 zł.

More read on dziennik.pl & gt; & gt; & gt;

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