The level of rates currently suggests we are in this for the long haul, certainly for a generation, certainly more than a decade, looking at Japan, a big part of the slowdown was demographics. But in Japan the growth of public debt was there to compensate - is Europe prepared for that? I don't know.

Polish Finance Minister Mateusz Szczurek

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We're worried about inflation, about nominal growth, the question is how high are real interest rates and how dangerous is that. The cost of funding for companies is quite substantial.

Polish Finance Minister Mateusz Szczurek

(If Britain left the EU) my concern would be more about the broader EU politics and policy than the immediate economic impact, forgetting the natural conflict between EU net payers and receivers, there are things on which Britain and Poland have common cause, like making sure that the role of the non-members of the euro zone within the EU is protected.

Polish Finance Minister Mateusz Szczurek

The message that I would like to get across is that free movement of labor is a crucial part of the common market but not the only one, the fact that thousands of British firms operate in Poland, the fact that City banks all trade Polish financial instruments, that is all part of the deal. Once you start removing pieces of it, you may wind up with a far bigger disintegration of the common market than you initially bargained for.

Polish Finance Minister Mateusz Szczurek