5: 36 AM EDT, 09 October 2011 By Dorota Bartyzel
(Updates with beginning of the vote of the second subparagraph, information on the possible extension of the vote).
October 9 Poland (Bloomberg)--Prime Minister Donald Tusk to a second term in Office today and give a chance to accompany the largest eastern Member of the European Union through the debt crisis in Europe, such as Jaroslaw Kaczynski Tusk he from the Civic Platform party Challenger., currently in coalition with the peasants party, 39.5% of the vote, compared to 29.1% for the & law winnenTNS Kaczynki justice OBOP predicted on October 7,, on the basis of its polls of the past week. Voting began at 7 p.m. in Warsaw and ends at 9 am, when the exit polls will be available. Unofficial results early tomorrow.Tusk targeting a track record of averting recession during the global financial crisis and the economic growth of more than double the pace to help him to the first Polish premier to win a second term since the collapse of communism 22 years ago. Kaczynski, Tusk supplanted by more four years ago, pledged to protect social spending of people against the effects of the slowing world economy. "The Civic Platform will win of course, but it will be a close call, "said Marcin Duma, head of Warsaw-based Homo Homini, in a telephone interview on 7 October. "All the polls we have been working on for individual parties election headquarters showed that the Platform ahead of & law Justice shrinking."A Homo Homini poll posted on October 6, civic platform on 32 percent and showed & law justice on 27 percent.Nearly 31 million are eligible to vote in Poland 25,996 polling stations across the country, according to the State Electoral Commission. In a polling station in the West of Gorzow Wielkopolski-Poland based the opening of the polls was delayed by 2.5 hours late after police a suspect package. The Chairman of the Election Commission of the State, Stefan Jaworski, said at a press conference in Warsaw "it is too early to say if this incident will lead to extension of the poll" than 9 SlumpsThe p.m.Zloty Polish currency dropped about 10 percent against the euro in the third quarter, making it one of the worst-performers between more than 170 currencies tracked by Bloomberg to make the debt crisis in Europe will slow down economic growth.Local-currency Government bonds of 15.7 percent against the zloty tumble sent in dollars last quarter, returned the third-worst Greece and Hungary, according to worldwide indexes of debt due in more than one year, compiled by the European Federation of financial analyst societies and Bloomberg. "The most market-friendly outcome, a Platform-led coalition with the peasants party, kind of business as usual, doesn't look very likely now, "said Gabor Ambrus, a London-based economist at 4Cast Ltd. said in a telephone interview. "The overall balance of the risks of the elections is clear on the negative side of both stability and policy wise, all this means no Armageddon."Poland, a country of 38 million people, received most EU funding on a net basis in the budget for 2007-2013, 67 billion euros ($ 97 billion) in aid to iron out differences between the richer and poorer Member States.The funding, which helped the Polish economy to grow 4.4% per year between 2007 and 2010, can be reduced if the country does not reduce his deficit to within the EU limit of 3 percent of gross domestic product next year of 7.9 percent in 2010. "Essential'The EU support has an average of 1.5 percentage points added to economic growth and regional development Ministry annually with Polish remains essential for the economic expansion of Poland at the time when budget cuts the consumer demand and public investment can limit. The Government estimates 4 percent growth next year.Tusk told voters that "the only Platform-led administration will be able to get Poland 300 million zloty (92 million dollars) in order to ensure continued economic growth" as EU governments began discussing the block of the next multiannual budget. Eight Member States including Germany warned last week that the public expenditure are not exempt from national efforts to consolidate public finances. "& Law Justice is always good for a surprise in the elections, "said Bartlomiej Biskup, a political scientist at the University of Warsaw. "Poland may have gotten used to the high unemployment and the fact that they have little hope that things will change for the better, but now we have inflation and high gas prices."According to all opinion polls, the threshold of 5% will be three other parties to obtain seats in Parliament, including the peasants party, junior ruling coalition partner Tusk's clear. The party may not have enough votes to form a majority with civic platform again, garner polling at an average of about 9 percent. "If you look at the ballot box, it can be difficult to make a two-party coalition, "Marcin Zoltek, chief investment officer at Aviva PTE, second-largest pension fund in the country with 52.3 billion zloty in assets, said in Warsaw on Sept. 29. architecture than should consider a three-way coalition that will the Democratic Left Alliance or contain Palikot traffic. While the Alliance from the Communist Party that Poland for about 40 years after the world Word II emerged, ruled the movement of this year was founded by Janusz Palikot Palikot, a former member of the vodka producer and once a Platform, which collided with the Platform of Palikot. last year, and urges a faster review of public finances by cutting expenditure on bureaucracy, the Catholic Church and pensions, "is a black horse, and can not give her easily support to ensure that it is a strong, independent image is created," said Ambrus.--Editors: Chris Peterson, Stephen Voss
Contact the reporter on this story: Dorota Bartyzel in Warsaw in dbartyzel@bloomberg.net
Contact the editor responsible for this story: Balazs Penz on bpenz@bloomberg.net
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