Reuters reports that the present pro-EU Polish Civic Platform government of Donald Tusk won nearly 40 percent of the vote, exit polls showed, many more than its nearest rival, Jaroslaw Kaczynski's nationalist-conservative Law and Justice party, and is expected to renew its coalition with the small Peasants' Party.
Tusk swiftly claimed victory and Kaczynski conceded defeat, though final results are not expected until Tuesday evening.
"The markets will treat this result as another feather in Poland's cap," said Nicholas Spiro, head of the London-based consultancy Spiro Sovereign Strategy.The new government will want to prevent debt from exceeding the 55 percent level because under Polish law this would automatically trigger deep spending cuts that could further hinder economic growth.
EU-Digest
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