Look Out, Poland!


Goldman Sachs is opening up a branch in Warsaw. Why? To make money, of course, those scheming bastards.

The main lure is advisory work for the Polish government, which plans to sell stakes this year in its energy, insurance, chemical and phone companies to raise $10 billion to finance the widening budget deficit. The economy, the only one in the European Union to avoid a recession, and the Warsaw Stock Exchange, where the total value of listed companies has tripled since 2003, are also attractive, bankers said.

Look out, Warsaw! Soon you'll have the terrible burden of Goldman Sachs bonus money raining down on you, too.

Goldman Joins Race for $10 Billion Polish Asset Sales [Bloomberg]