Home / Market Update / Commodities / Polish Prime Minister: EU bloc’s future at risk
European Stocks

Polish Prime Minister: EU bloc’s future at risk

Polish Prime Minister Mateusz Morawiecki has warned that overreach by some of the EU institutions is a threat to the future of the bloc.

In a letter to the EU’s 27 national leaders, Morawiecki defended his country’s actions, saying that the Commission is dangerously overstepping the limits of its powers by interfering in Polish constitutional matters.

The European Commission is considering legal action against the Polish government after its top court ruled that some European laws are incompatible with the country’s constitution.

The Commission is also withholding approval of Poland’s national recovery plan – worth €23.9 billion in grants and €12.1 billion in loans – over the independence of the courts, media freedoms and LGBT rights.

Morawiecki did hint in his letter that Poland is willing to deescalate the situation through talks, which could come at this week’s European summit.

Check Also

Fed Under Pressure to Cut Rates in September as Job Market Cools

June’s jobs report sent a mixed message, with job gains have remained better than expected …