- Local press continues to pore over the statement released late yesterday from the European Commission suggesting the EU are “not in a position” to disburse funds earmarked for the 2021 – 2027 budget due to failure to comply with operational targets (a view disputed by the cabinet). The EC is in talks with the Polish government on outstanding criteria.
- Both Parkiet and Rzeczpospolita write on outstanding EU funding today, warning that Poland will suffer financial market volatility if the Commission withhold any disbursements. Parkiet stated that if EU funding drops below EUR 10bln per year, the government would largely increase its debt to meet the shortfall.
- Elsewhere, Puls Biznesu writes that the European Commission does not appear to have clear legal options to withhold payments of funds to Poland outside of the conditionality mechanism, according to lawyers cited in the piece.
- DGP write that the recent trade balance release shows that Poland have now fully recovered the impacts of Brexit on its exports headed to the UK as well as sales previously going to Russia by increasing trade with Slovakia and Hungary.
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POLAND: EC and Government Remain at Loggerheads Over Funds Disbursement
Last updated at:Oct-18 06:36By: Edward Hardy
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- Local press continues to pore over the statement released late yesterday from the European Commission suggesting the EU are “not in a position” to disburse funds earmarked for the 2021 – 2027 budget due to failure to comply with operational targets (a view disputed by the cabinet). The EC is in talks with the Polish government on outstanding criteria.
- Both Parkiet and Rzeczpospolita write on outstanding EU funding today, warning that Poland will suffer financial market volatility if the Commission withhold any disbursements. Parkiet stated that if EU funding drops below EUR 10bln per year, the government would largely increase its debt to meet the shortfall.
- Elsewhere, Puls Biznesu writes that the European Commission does not appear to have clear legal options to withhold payments of funds to Poland outside of the conditionality mechanism, according to lawyers cited in the piece.
- DGP write that the recent trade balance release shows that Poland have now fully recovered the impacts of Brexit on its exports headed to the UK as well as sales previously going to Russia by increasing trade with Slovakia and Hungary.
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