Further Perils for Poland

A sputtering economy strains under $27 billion of debt

For almost a year, Poland's embattled Communist leaders have faced the twin threats of domestic social revolution and military invasion by the Soviet Union. Now another ominous specter looms: national bankruptcy.

Burdened by sporadic worker walkouts and bumbling bureaucratic mismanagement, Poland's economy is in a shambles. Industrial production is down 10% from a year ago, and coal exports to the West, one of the country's most important sources of trade revenue, are off 29%. As a result, Poland last March failed to make scheduled payments on...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!