Best borrowers 2012: Poland emerges as European favourite

Anna Suszynska, deputy director of the public debt department in Poland

Luckily for us, we introduced certain fiscal policies at just the right moment. In 2008, we lowered income tax. This came at a huge cost to the government and our budget revenue dropped. But after the crisis hit, people in Poland had more cash in hand to spend in the domestic market. The tax cuts supported private consumption and growth during what should have been a stressful time for the economy.