The sixth day of school summer was filled with two very powerful speeches. Morning session with Dr. Peter Mooslechner, Director of the Department of Economics at the National Bank of Austria, was based mainly on the analysis of structural reforms. There were discussed very current issues in the face of crisis, and therefore need to introduce substantial structural changes, not only correcting the current policy. In the context of such activities the International Monetary Fund is always an important actor, so there were few minutes devoted to analyze the actions and opportunities of this institution. In the question and answer session one could feel that as an Austrian economist Mooslechner in his statements strongly alluded to the characteristic of the Germans historical approach to economics.
The second lecture was a presentation by a representative of the Central Bank of the Czech Republic, Dr. Tomáš Holub. His presentation was filled with a lot of details about previous and current monetary policy of the Czech Republic. Many times it seemed that the situation is quite similar to the Polish but visible and important differences even in the level of public debt are not to be missed.