Tuesday, April 13, 2010
Q&A: What's next for Polish central bank after governor's death?
Following is analysis of issues surrounding the appointment of Skrzypek's successor and possible policy changes at the central bank.
HOW AND WHEN WILL A SUCCESSOR BE APPOINTED?
The Polish constitution stipulates that the governor is appointed by the president for a six-year term, but his candidacy needs to be approved by parliament. Skrzypek was mid-way through his term.
But Kaczynski's death clouds the process; the law does not clearly indicate whether Parliamentary Speaker Bronislaw Komorowski, who has taken over as acting president, can make the appointment before the presidential election that he must call within 14 days and hold within two months after that.
The central bank law requires that a new governor be appointed within three months of a vacancy, which would leave hardly any time after the election. Some analysts say that in order to signal stability at the central bank, the appointment could be made before the election if parliament reaches a consensus on a candidate.
Labels:
economy,
Katyn 2010