Jacek Rostowski

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Jan Anthony Vincent-Rostowski, also known as Jacek Rostowski (Polish pronunciation: [ˈjan ˈvint͡sɛnt rɔsˈtɔfskʲi]; born 30 April 1951, London) is a British-Polish[1] economist and politician who served as Minister of Finance and Deputy Prime Minister of the Republic of Poland.

Jacek Rostowski
Jacek Rostowski 2020a.jpg
Deputy Prime Minister of Poland
In office
25 February 2013 – 27 November 2013
PresidentBronisław Komorowski
Prime MinisterDonald Tusk
Preceded byGrzegorz Schetyna (2009)
Succeeded byElżbieta Bieńkowska
Minister of Finance
In office
16 November 2007 – 27 November 2013
PresidentLech Kaczyński
Bronisław Komorowski (Acting)
Bogdan Borusewicz (Acting)
Grzegorz Schetyna (Acting)
Bronisław Komorowski
Prime MinisterDonald Tusk
Preceded byZyta Gilowska
Succeeded byMateusz Szczurek
Personal details
Born (1951-04-30) 30 April 1951 (age 69)
London, United Kingdom
Political partyCivic Platform
Change UK – The Independent Group (2019)
Spouse(s)Wanda Rostowska
Alma materUniversity College London
London School of Economics

He was a candidate for Change UK in London at the 2019 European Parliament election in the United Kingdom.[2]

Early life and educationEdit

Jan Vincent-Rostowski was born into a Jewish-Polish exile family in London. During the Second World War his father, Roman Rostowski, served as personal Secretary to Tomasz Arciszewski, Prime Minister of the Polish government-in-exile and did not return to Poland after the war. In the 1950s, Roman Rostowski worked for the British Foreign and Commonwealth Office with postings to Kenya, Mauritius and the Seychelles where Jacek Rostowski spent much of his childhood.[3] Jan's grandfather was Jakub Rothfeld (who left Judaism, changed his surname to Rostowski and regarded himself as a Pole), a professor of neurology at the John Casimir University in Lwów.[4]

Jan Vincent-Rostowski attended Westminster School in London, followed by undergraduate and postgraduate studies at University College London (UCL) and the London School of Economics (LSE).[3]

CareerEdit

Jan Vincent-Rostowski was a lecturer at Kingston University (former Kingston Polytechnic), then from 1988 to 1995 at the UCL School of Slavonic and East European Studies, University of London.[5] From 1992 to 1995 he also worked concurrently at the Centre for Economic Performance, LSE.[6]

During this time, together with Ljubo Sirc, Vincent-Rostowski co-edited the academic journal, Communist Economies (later known as Communist Economies & Economic Transformation and Post-Communist Economies).

During the early 1980s he was active (together with his wife Wanda Kościa) in the Polish Solidarity Campaign, a Solidarity support group based in London. From 1989 to 1991 during Poland's great economic transformation following the fall of communism, Vincent-Rostowski was an advisor to the Polish Deputy Prime Minister and Finance Minister, Leszek Balcerowicz.[7]

In the early 1990s Vincent-Rostowski also advised the Russian Federation on macroeconomic policy. In 1991, he co-founded the Warsaw-based Centre for Social and Economic Analysis (CASE), a think-tank designed to assist Europe’s newly independent nations during the transition to capitalism.[8] He was also a member of the Foundation's Council (he resigned from this post when he was nominated as Minister of Finance).

From 1995 he has been Professor of Economics and was the head of the Department of Economics at the Central European University in Budapest during the periods: 1995–2000 and 2005–2006.[9]

From 1997 to 2000, Vincent-Rostowski was Chairman of the Macro-Economic Policy Council at the Polish Ministry of Finance.[10]

From 2002 to 2004 he was an Economic Adviser to the National Bank of Poland.[11]

In 2004 Vincent-Rostowski was appointed Economic Adviser to Bank Pekao. He left this post in November 2007.[12]

Minister of Finance, 2007–2013Edit

Vincent-Rostowski joined the Cabinet of Premier Donald Tusk on 16 November 2007, and served as Finance Minister of the Republic of Poland until November 2013. He was named European Finance Minister of the Year in 2009 by The Banker magazine.[13] In November 2012, Rostowski was cited by the Financial Times as the third best finance minister in Europe.

During his six-year tenure at the ministry, Rostowski oversaw an overhaul of the public finance sector, including a cap on spending growth and a decision to redeem sovereign bonds held by privately managed pension fund companies, a move that drew criticism from the fund companies and some economists.[14] As part of a cabinet shuffle in late 2013, Tusk replaced Rostowski with Mateusz Szczurek.[14]

Later careerEdit

Rostowski was a member of Britain's Conservative Party. In the beginning of 2010, it was announced that two months prior[15] he has become member of the Civic Platform party (PO). In the wake of the Parliamentary Elections of 2011, he became Member of Parliament, being elected from the list of Civic Platform Party (PO).[16]

In late 2015, Prime Minister Ewa Kopacz appointed Rostowski as her top political adviser.[17]

Vincent-Rostowski has published around 40 academic papers on European enlargement, monetary policy, currency policy and the transformation of post communist economies. He is the author of academic books including Macroeconomic Instability in Post-Communist Countries published by Oxford University Press.

Political viewsEdit

Rostowski is a believer in free markets, as well as a fiscal conservative. On social matters, he previously opposed in-vitro fertilisation, abortion and same-sex civil unions.[18] In the run-up to the 2019 European Parliament election, he stated that his opinions on such matters have changed.[19][20]

Rostowski supports Poland's joining the Euro, but in the wake of the European sovereign debt crisis, he advocates waiting until "the Euro has become safe to join".[21]

Personal lifeEdit

Rostowski has two children. He is fluent in Polish, English and French.

ReferencesEdit

  1. ^ "Archived copy" (PDF). Archived (PDF) from the original on 13 May 2019. Retrieved 13 May 2019.CS1 maint: archived copy as title (link)
  2. ^ "Archived copy". Archived from the original on 24 May 2019. Retrieved 23 April 2019.CS1 maint: archived copy as title (link)
  3. ^ a b "Jacek Rostowski wicepremier, minister finansów". Rzeczpospolita. Archived from the original on 6 May 2019. Retrieved 6 May 2019.
  4. ^ "Jakub Rothfeld (później Rostowski)". Internetowy Polski Słownik Biograficzny (in Polish). Archived from the original on 6 May 2019. Retrieved 6 May 2019.
  5. ^ "Jacek Rostowski Former Deputy Prime Minister, Republic of Poland". Archived from the original on 28 September 2019. Retrieved 28 September 2019.
  6. ^ "Jacek Rostowski ponownie ministrem finansów". Archived from the original on 28 September 2019. Retrieved 28 September 2019.
  7. ^ "Jacek Rostowski ponownie ministrem finansów". Archived from the original on 28 September 2019. Retrieved 28 September 2019.
  8. ^ Hilary Heuler (March 11, 2009), The euro enthusiast Archived 27 October 2016 at the Wayback Machine European Voice.
  9. ^ "Jacek Rostowski, new Governor for Poland". Archived from the original on 28 September 2019. Retrieved 28 September 2019.
  10. ^ "Jacek Rostowski". Archived from the original on 28 September 2019. Retrieved 28 September 2019.
  11. ^ "Jacek Rostowski". Archived from the original on 28 September 2019. Retrieved 28 September 2019.
  12. ^ "Jacek Rostowski, new Governor for Poland". Archived from the original on 28 September 2019. Retrieved 28 September 2019.
  13. ^ "Finance Minister of the Year – regional winners". The Banker. 5 January 2010. Archived from the original on 1 November 2014. Retrieved 1 November 2014.
  14. ^ a b Marcin Sobczyk (June 15, 2014), Polish Government Roiled by Leaked Recording Archived 17 February 2017 at the Wayback Machine Wall Street Journal.
  15. ^ "Jacek Rostowski: Wstępuję do PO - jak się jest ministrem, to się należy do partii" [Jacek Rostowski: ascending to PO – As a Minister, he belongs to the party] (in Polish). rmf24.pl. 6 January 2010. Archived from the original on 29 February 2012. Retrieved 1 November 2014.
  16. ^ "Jan Vincent-Rostowski". sejm.gov.pl. Archived from the original on 23 April 2014. Retrieved 1 November 2014.
  17. ^ Jeanette Minns (February 12, 2015), Government role for Rostowski Archived 27 October 2016 at the Wayback Machine European Voice.
  18. ^ Grochal, Renata; Nowakowska, Agata (28 June 2011). "Rekiny krążą wokół Platformy Noego" [Sharks circling around Noah Platform] (in Polish). Gazeta Wyborcza. Archived from the original on 2 February 2019. Retrieved 18 January 2014.
  19. ^ Colson, Thomas (29 April 2019). "Change UK's Jan Rostowski: How Poland's former deputy prime minister is planning to stop Brexit". Archived from the original on 28 May 2019. Retrieved 7 May 2019.
  20. ^ "Związki partnerskie, aborcja i in vitro: Rostowski zmienił poglądy przed wyborami do PE?" [Partnerships, abortion and in vitro: Rostowski changed his views before the elections to the European Parliament?] (in Polish). 25 April 2019. Archived from the original on 7 May 2019. Retrieved 7 May 2019.
  21. ^ Jacek Rostowski (2 February 2012). Hard Talk (News interview). BBC News.

External linksEdit

Political offices
Preceded by
Zyta Gilowska
Minister of Finance
2007–2013
Succeeded by
Mateusz Szczurek