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Headline: Strong central bankers depart Source: Euromoney Date: January 2001 Poland, Hungary and the Czech Republic offer three different puzzles for western European banks. While the fall of the iron curtain presented new opportunities in new markets, the transition from communist regimes to free market economies is still proving a painful struggle. Philip Moore reports They call it Jaruzelski’s revenge, which might sound flippant, though precious few people in Poland are laughing. The martial law imposed by general Wojciech Jaruzelski in 1981 and 1982 by all accounts left most Poles who weren’t plotting the overthrow of the Communist government with precious little to do. |
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