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Kluza: Foreign-Owned Banks in Poland in No Risk of Bailout.

Europe Intelligence Wire

| September 30, 2011 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Polish News Bulletin)

The following is a summary of an interview with Financial Supervision Board (KNF) President Stanislaw Kluza, featured in Rzeczpospolita.

In the interview, the official discusses potential consequences of the euro zone's problems for Poland, risks connected to presence of foreign institutions in the domestic banking sector, and his successes and failures as KNF head. - Greek debt not a threat

Kluza declares that the likely partial restructuring of the Greek debt will not have a direct influence on the condition of the Polish economy and firms. At the same time, he declares that the worsening situation in the euro zone may reduce …

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