Polish parliament approves EU fiscal pact

Published
0

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

Cost of provinces
Updated 01 Nov, 2026

Cost of provinces

Political parties demanding new provinces must explain how they intend to pay for them and what improvements citizens can expect.
Exchange hack
01 Nov, 2026

Exchange hack

ON Thursday, the largest cryptocurrency heist in history saw some $6.3bn drained from exchange platform Binance’s...
Cyber safety
01 Nov, 2026

Cyber safety

WHILE the state’s proposal to create a Cybersecurity and Social Media Awareness Council envisages needed...
China green channel
Updated 31 Oct, 2026

China green channel

The green channel is a useful step, given Pakistan identifies which agricultural products it can export, meets Chinese quality standards, and builds dependable supply chains.
Excessive punishment
Updated 31 Oct, 2026

Excessive punishment

It is unfortunate to see her and her husband punished so harshly for acts that seem downright frivolous compared to the violence actual terrorists routinely perpetrate.
Forced conversions
31 Oct, 2026

Forced conversions

THE institutional bias against minority females leaves them to either be directly victimised or to live in ...