British Prime Minister Gordon Brown has been embarrassed on a visit to Poland, after his host used the occasion to deliver a lecture on the perils of excessive public borrowing.
While Britain is in recession after three quarters of economic contraction, Poland is celebrating 12 years of uninterrupted growth.
Last week British Chancellor Alistair Darling was forced to admit that the UK's public borrowing would reach 700 billion pounds.
Polish Prime Minister Donald Tusk said that while he did not want to comment on any other economy, the Poles had fared well because they had behaved with full responsibility in terms of their deficit.
He attributed his country's financial resilience to a population that did not indulge in exaggerated living on credit.
Published on ABC News (link) Wed Apr 29, 2009 |