Mar 10 • 10:28 UTC 🇵🇱 Poland Rzeczpospolita

Leszek Balcerowicz: For several years we have had no privatization in Poland, this cannot be justified

President Karol Nawrocki proposes a Polish alternative to the EU SAFE program amid ongoing debates on national defense funding.

In Poland, President Karol Nawrocki is set to meet with Prime Minister Donald Tusk and Defense Minister Władysław Kosiniak-Kamysz to discuss his proposed 'Polish SAFE 0%' initiative as a potential alternative to Poland's participation in the EU SAFE program. This program, which has been a topic of contention, suggests Poland could borrow approximately €44 billion (around 180 billion PLN) for enhancing its defense capabilities, with agreements needing finalization by May of this year.

The ongoing debate surrounding the SAFE program has drawn criticism from various quarters, including military figures such as General Roman Polko, who expressed disappointment over the political spectacle surrounding the proposal, particularly with the involvement of the President. The SAFE program is intended to provide long-term financial backing for defense, but questions about its implementation and long-term impact remain a focal point in political discussions in Poland.

Nawrocki's vision for a 'Polish SAFE 0%' is characterized by a focus on bolstering national defense without the burdens of high repayment costs associated with international loans. This proposal is reflective of a broader discourse on Poland’s approach to defense funding and privatization, with criticisms of Poland's lack of privatization actions over recent years echoing in the remarks of prominent economic figures like Leszek Balcerowicz, who questions the government's economic strategies.

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