More to worry about

24 October 2005 By Edward Hadas Follow @edwardhadas

They are sure that the new government will not act irresponsibly. But after winning two elections, the PiS party can guide policy. And the party is not friendly to investors. Its nationalist slant is likely to favour big government over fiscal prudence.

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Lech Kaczynski, the mayor of Warsaw, won Sunday's Polish presidential runoff election. The PiS candidate beat Donald Tusk of the PO party with 54% of the vote. Voter turnout was 51%, among the lowest ever in an EU election.

In the September 25 parliamentary election, the PiS party, under the leadership of Lech's twin brother Jaroslaw, won 27% of the vote, against 24% for the PO. Jaroslaw subsequently resigned the leadership in favour of Kazimierz Marcinkiewicz, who is expected to be named prime minister in a PiSPO coalition government.

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