Poland thinks it has a cure for Europe
The country’s continued economic success has strengthened its hand in Brussels.
- Tuesday, 28 October 2014
Poland’s latest achievement, the one that confirmed the country’s fully developed maturity, came just a few weeks ago with the appointment of Polish Prime Minister Donald Tusk to the presidency of the European Council, where he succeeds Herman Van Rompuy.
While this proved greatly satisfying for Poland, the country has achieved quite a few other triumphs over the last 25 years. The liberal revolution that began in the 1990s has turned Poland into an example for others, particularly thanks to its annual average growth of 4.23% from 1995 onwards. Today, Warsaw is ready for the future, and perhaps the entire eurozone could learn a thing or two from Poland.
To understand the reasons behind the country’s success, we must turn the clock back 30 years or so. In the late 1980s, inflation had reached an annual rate of 649%, Poland’s economic fabric was anything but innovative or competitive, Poles were discouraged and this was reflected in the country’s demographics. The referendum of 29 November 1987, which introduced political and economic reforms, inflicted a crushing defeat on the Communist Party but it also paved the way for the liberal transition process that began in the 1990s.