WARSAW, May 12: The lower house of the Polish parliament has approved the European Union’s budgetary stability pact, despite reservations from Prime Minister Donald Tusk.

The pact, which still has to be approved by the upper house before ratification, was passed late on Friday by 294 votes to 155.

The fiscal pact, clinched after marathon talks by EU leaders in March, is a German-inspired accord that puts pressure on governments to rein in spending and was signed by all 27 EU countries except Britain and the Czech Republic.

European Commission chief Jose Manuel Barroso warned on Wednesday that the pact was non-negotiable in the face of calls from French president-elect Francois Hollande for an economic growth element to be inserted.

Bundesbank president Jens Weidmann also warned Hollande on Saturday against tampering with the European Central Bank or the fiscal pact.

His comments come ahead of Hollande’s visit to Berlin on Tuesday, only hours after he is sworn in, when he is to have talks with Chancellor Angela Merkel that are expected to be tense.—AFP

Opinion

Editorial

De-escalation efforts
23 Jul, 2026

De-escalation efforts

WHILE the exchange of fire across the Gulf — and the wider Middle East — continues between the US and Iran,...
Time to integrate
23 Jul, 2026

Time to integrate

PAKISTAN remains one of the least regionally integrated economies in Asia. The trade figures for the last fiscal ...
Modi unnerved
23 Jul, 2026

Modi unnerved

DISCONTENT is visible in India. Delhi has been on the boil since last month. As thousands took to the streets ...
Frozen Award
Updated 22 Jul, 2026

Frozen Award

KP’S petition before the Federal Constitutional Court, seeking Rs964bn as the province’s claimed share of tax...
Delayed pricing
22 Jul, 2026

Delayed pricing

THE ongoing delay in making new, approved lifesaving medicines available to patients is a serious lapse in...
Joint prayers
22 Jul, 2026

Joint prayers

IN a country which has witnessed monstrous bouts of sectarian violence, even symbolic gestures by clerics belonging...