Patriotic pensions

摘要

With a budget crisis looming, a fi-W nance minister sacked this week and more emerging-market jitters, Poland's economy is looking decidedly febrile. A falling stockmarket has deterred western investors, and the opposition ex-Commu-nists look set to win a big majority in next month's parliamentary elections. Through all this, Marcin Krupa, a director at Poland's pensions watchdog, unfe, is a contrarian. He says things have changed since the Russian financial turmoil three years ago this month: domestic pension funds are a point of stability in the country's wobbly capital markets.