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Politically, the introduction of economic reforms, is almost always very risky. So what is the best way to carry them out? The fast and the most painful method or a slower, longer and a more phased-out approach? How should politicians present ideas for far-reaching economic changes in order to gain the necessary acceptance?
Prof. Leszek Balerowicz, the author of Poland's successful economic transformation, sometimes referred to as the architect of Polish "shock therapy", and Mr. Pierre Gramegna, Luxembourg's Minister of Finance tried to answer these and other questions at a Conference organised by the Embassy of Poland in Luxembourg, the Chamber of Commerce and the Luxembourg-Poland Business Club on May 23rd, at the Chamber of Commerce.
The essence of...
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