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Scandal and Election Later, Belka Returning as Poland’s Anchor

A year ago critics called for his head after embarrassing comments on secret recordings blew up into a scandal. A month ago they said he needed to go after the defeat of his political ally.

With 12 months left in his term, investors are realizing Polish central bank Governor Marek Belka, 63, may be in the best position to provide an anchor in a suddenly raucous political scene that has boosted currency swings and helped send the nation’s bonds to the longest stretch of losses since at least 2003.