Polonium

Monday, February 8, 2010

Polish debt under 55pct/GDP till 2012-convergence plan

Poland's public debt will rise in the 2010-2012 period but will not top the key 55 percent of gross domestic product safety level, according to the updated euro convergence plan obtained by Reuters on Monday.
The government's plan, which is expected to be approved on Tuesday, also envisages the debt, as calculated by different, European Union rules, to stand at 53.1 percent in 2010, 56.3 percent in 2011 and at 55.8 percent in 2012 - below the EU's 60 percent ceiling.

Read more:http://www.iii.co.uk/news/?type=afxnews&articleid=7741926&subject=markets&action=article