This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Poland's PM Tusk Remains Leader Of His Party

By MONIKA SCISLOWSKA

WARSAW, Poland (AP) â¿¿ Polish Prime Minister Donald Tusk easily won re-election as his party's leader on Friday, but his government has been losing popularity halfway through his second term in office.

Tusk won about 80 percent of the votes in the governing center-liberal Civic Platform's leadership election, while challenger Jaroslaw Gowin got 20 percent, according to results released Friday. But only 51 percent of the party members voted, undermining the depth of Tusk's support.

His Civic Platform party, the main one in his coalition government, is rapidly losing support, and will need to boost its image for the 2015 parliamentary election.

Poland's longest-serving prime minister since the days of communism, Tusk took office in 2007, and for years he faced no serious challenge, while the economy continued to grow, despite the global crisis.

But last year Poland's economy slowed down, unemployment soared to more than 14 percent, and the government is facing criticism for unpopular decisions such as raising the retirement age, cutting pension privileges for some groups, and trying to give marriage-like rights to same-sex couples, in this largely conservative Catholic nation.

Observers noted that Gowin's result was higher than expected. Tusk fired Gowin as justice minister earlier this year, in punishment for his voting against the party in a parliamentary vote.

On Friday he congratulated the opponent's "quite good result" and encouraged him to further cooperation in the party, against calls from some members to expel Gowin.

For his part, Gowin said he was satisfied with his result and called on Tusk to work to improve his economy and social policy in support of large families.

This year Tusk's government is cutting spending to counter a recently disclosed increase in the country's budget deficit, leading to speculation â¿¿denied by Tusk â¿¿that Finance Minister Jacek Rostowski will eventually have to go.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs