Poland should be at centre of new economic league, argues report

The League of Hanseatic Cities (Hansa), was a grouping of northern cities and communes, brought together in the middle ages to work on common land and sea trade ventures, protect merchants' interests, and fight off pirates and robbers. Wikimedia

Amid speculation about the revival of the medieval economic alliance of northern-European states, a new article argues for the creation of a Hanseatic League 2.0 and why Poland’s role would be integral.

In an opinion piece, the EUObserver explains how major cities such as Gdańsk, Kraków and Wrocław were all members of the original medieval league, also know as Hansa, and that sharing membership with others in northern Europe, the economic league runs deep in the Polish tradition.

Diving deep into how modern Poland can benefit Europe as part of the Hanseatic League 2.0, it says: “Today, Poland is undergoing a largely unnoticed revolution by transforming into a northern-like country in terms of competitiveness and welfare spending.”

The Polish economy has successfully reintegrated economically with western Europe and brought back memories of Poland’s former trading glory.Adam Warżawa/PAP

The online newspaper also applauds the merits of the county’s fight against tax heavens, digital tax and closing the European VAT gap, and argues that the benefits of Poland’s stance are twofold as a “method of strengthening the EU budget and showing that an ambitious EU budget does not need to overburden the member states.”

The author also predicts that with Brexit looming, many financial institutions may look to Warsaw as their new base.

With Poland’s economic situation on the rise, the piece concludes that the league could help the EU to start attracting Europeans again, therefore strengthening Europe’s finances further.

“The Hanseatic League 2.0 can offer many good solutions for Europe, and Poland has a role to play, as an important ally.

“The league may be a vehicle of connecting Europe's trade traditions to the current EU's challenges in further integration.”