What began as a standoff between the Polish government and the Standard and Poor’s’ credit rating agency is now evolving into a proper stranglehold on the Polish government. The zloty is sliding to 10-year lows against all major currencies.

Fitch Ratings warned Poland Wednesday that an increased government deficit will trigger a cut to its rating of Poland.  Moody’s preceded Fitch on Tuesday. The first of course was Standard & Poor’s (S&P) credit rating agency on Friday, January 15, w...

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