It is certain though that the United States will not longer play the same role as before the crisis. Tomasz Lis, leading the debate „the World after the crisis – a new order?”, asked the panellists, the shape of which letter was reflected by the economic crisis. It was not possible to find two similar answers.
The greatest optimist turned out to be the President of BRE Bank Mariusz Grendowicz, who saw very good perspectives for the Polish economy. – Departure from the crisis, in our case, takes the shape of a moderate letter „V”. It will take place faster than we all anticipate– said Grendowicz. A question is left open, whether Poland can develop dynamically without any improvement in the economic situation in the West. Here, the commentaries are much more cautious. – The crisis has not come to an end yet. It started in the financial sector, and in banks there are still many bad credits and toxic assets – stated Paul Taylor, a publicist of Thomson Reuters.
For this reason, according to Professor Max Otte, the optimum scenario for recovery from the slump in the world economy should take place with a moderate inflation, which is expected to cause that a second stage of crisis in the financial sector will not happen. According to Deputy Prime Minister Waldemar Pawlak, despite populist slogans to reduce bonuses for bankers, better regulations of financial markets are needed. - The crisis started from the derivatives market. A greater transparency must be introduced, and derivatives must reflect the situation in the real economy – said Waldemar Pawlak.
As long as work on new regulations will be carried out during the coming months, we can see that the group of states, which take key decisions for the globe, is getting wider. – Not eight, but twenty richest states decide now on the image of the world’s economy – emphasized Andrzej Olechowski, the former Minister of Foreign Affairs of Poland.
On the occasion of the panel, Professor Max Otte promoted also his book „When the crisis comes”.
